Palm Beach County Condos & Townhomes Market Update – July 2026

Palm Beach County Condos & Townhomes Real Estate Statistics – July 2026

Palm Beach County’s condo and townhome market continued to strengthen in July, with prices rising, closed sales jumping significantly, and available inventory continuing to decline. Buyers still have considerably more choice than they do in the single-family home market, but the gap is narrowing as condo and townhome inventory tightens.

The standout story this month is a 19% increase in closed sales alongside a 19% decline in active inventory. Buyers are clearly active, while the supply of available condos and townhomes is moving considerably closer to balanced-market conditions.

Let’s take a closer look.

Market Breakdown – July 2026 vs. July 2025

Median Sale Price: $312,500

📈 Up 4% year-over-year

The median sale price increased compared to last July, demonstrating continued demand for condos and townhomes throughout Palm Beach County. This segment also continues to provide a lower-priced entry point into the county compared with the single-family home market.

Closed Sales: 914 properties

📈 Up 19% year-over-year

Closed sales increased substantially, making this one of the strongest indicators in July’s report. Nearly one-fifth more condos and townhomes changed hands than during the same month last year, showing that buyers remain highly engaged in this segment of the market.

Active Inventory: 5,853 properties

🔻 Down 19% year-over-year

Available inventory declined considerably. Buyers still have a healthy selection of condos and townhomes to choose from, but there are significantly fewer properties available than there were a year ago.

Pending Sales: 860 contracts

📈 Up 1% year-over-year

Pending sales remained essentially stable, with a slight increase compared to last July. This suggests buyer activity continues at a healthy pace heading into the latter part of summer.

Months of Inventory: 6.7 months

🔻 Down 28% year-over-year

At 6.7 months, the condo and townhome market still offers buyers more negotiating room than the highly competitive single-family sector. However, the 28% year-over-year decline is significant and shows just how quickly this market has tightened.

Days on Market: 69 days

🔻 Down 1% year-over-year

Selling times were virtually unchanged compared with last year. Buyers generally have time to compare properties and communities before making a decision, particularly when considering factors such as HOA fees, reserves, assessments, insurance costs, and amenities.

New Listings: 1,207 properties

🔻 Down 6% year-over-year

Fewer new condos and townhomes entered the market this July. With new supply declining while sales activity remains strong, overall inventory continues to be gradually absorbed.

What This Means for You

Buyers

Palm Beach County’s condo and townhome market continues to offer buyers more selection than the single-family sector. With 6.7 months of inventory, there may still be opportunities to negotiate depending on the individual property and community.

However, inventory is down substantially from last year, so buyers shouldn’t assume conditions are the same everywhere. HOA finances, assessments, insurance, reserves, property condition, and community restrictions should all be carefully evaluated alongside the purchase price.

Sellers

Conditions have improved significantly compared with a year ago. Closed sales are up 19%, inventory is down 19%, and prices have risen 4%.

Buyers remain selective, so accurate pricing and strong presentation are still important. However, sellers are facing considerably less competition from other available properties than they were last July.

Investors

Condos and townhomes continue to offer a comparatively accessible way to enter the Palm Beach County real estate market. Investors should evaluate each community individually, particularly when it comes to rental restrictions, HOA costs, reserves, assessments, and insurance.

Final Thoughts

July’s statistics show a Palm Beach County condo and townhome market that is steadily becoming tighter and more active.

The median sale price rose 4%, closed sales jumped 19%, and active inventory fell 19% compared with last year. At the same time, months of inventory dropped 28% to 6.7 months.

That distinction is important: buyers still have more leverage here than they typically do in Palm Beach County’s single-family market, but the condo and townhome sector is considerably tighter than it was a year ago.

For buyers, that means opportunities remain, but careful property and community evaluation is essential. For sellers, declining competition and substantially higher sales activity provide encouraging signs as we move through the second half of 2026.

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