Palm Beach County Condos & Townhomes Market Update – September 2026

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

Palm Beach County’s condo and townhome market continued to tighten in September 2026, with fewer properties available and homes selling faster than they did a year ago. However, transaction activity remained subdued, suggesting buyers are still taking a measured approach to purchasing.

The median sale price reached $310,000, up 3% year-over-year, while active inventory declined 15% and months of supply fell 23%. Days on market also dropped 18%, indicating that properties successfully finding buyers are moving more quickly.

Despite these changes, closed sales declined 4%, pending sales fell 5%, and new listings were down 9%.

The result is a market where inventory is tightening and successful sales are happening faster, but buyers remain selective and overall transaction activity has not accelerated.

Here’s a closer look at September’s numbers.

Market Breakdown – September 2026 vs. September 2025

Median Sale Price: $310,000

📈 Up 3% year-over-year

The median sale price for Palm Beach County condos and townhomes reached $310,000 in September, a 3% increase compared with September 2025.

This relatively modest increase occurred alongside a substantial reduction in available inventory.

However, the median reflects the mix of properties sold during the month rather than indicating that every condo or townhome increased in value by 3%.

Palm Beach County’s attached-home market includes everything from smaller inland condos to luxury waterfront residences and golf community properties. Individual buildings, communities and price ranges can therefore experience very different conditions.

Closed Sales: 782 properties

🔻 Down 4% year-over-year

Palm Beach County recorded 782 condo and townhome closed sales in September, a 4% decline compared with last year.

The reduction is relatively modest, but it demonstrates that fewer available properties have not translated into increased transaction volume.

Buyers are still purchasing condos and townhomes, but they appear to be carefully evaluating their options.

Affordability, financing, property condition and community expenses can all influence purchasing decisions in this segment.

Active Inventory: 5,858 properties

🔻 Down 15% year-over-year

Active inventory declined 15%, leaving buyers with significantly fewer condos and townhomes to choose from than they had a year ago.

For sellers, that means less competition from other available listings.

However, with nearly 5,900 properties still on the market, Palm Beach County’s condo and townhome sector continues to offer considerably more selection than the single-family market.

That distinction matters.

Inventory is declining, but buyers still have meaningful opportunities to compare properties, communities and ownership costs.

Pending Sales: 760 contracts

🔻 Down 5% year-over-year

Pending sales declined 5% compared with September 2025.

Because pending sales can provide an indication of future closing activity, the decline suggests there is not yet clear evidence of a significant rebound in condo and townhome transactions.

The reduction is smaller than the 14% decline recorded in Palm Beach County’s single-family sector, but it still points toward relatively restrained buyer activity.

It will be worth watching whether pending sales begin to recover as the seasonal buying period approaches.

Months of Inventory

🔻 Down 23% year-over-year

Months of supply declined 23%, confirming that Palm Beach County’s condo and townhome market has tightened considerably over the past year.

This statistic measures how long the current inventory would take to sell at the prevailing sales pace.

A reduction generally means buyers have fewer alternatives relative to market activity.

However, condos and townhomes continue to operate in a more supplied environment than single-family homes.

For buyers, that can mean more negotiating opportunities, particularly on listings that have spent longer on the market or where community expenses affect affordability.

Days on Market

🔻 Down 18% year-over-year

Days on market declined 18%, one of September’s most notable changes.

Condos and townhomes that successfully sold moved considerably faster than they did in September 2025.

This is particularly interesting because both closed and pending sales declined.

Fewer transactions are taking place, but properties that successfully attract buyers are selling more quickly.

That highlights the importance of realistic pricing, strong presentation and clear information about the property and its community.

For condo sellers, providing buyers with accurate information about association finances, fees and assessments can also help make the purchasing process more straightforward.

New Listings: 1,278 properties

🔻 Down 9% year-over-year

New condo and townhome listings declined 9% compared with September 2025.

With active inventory already down 15%, fewer properties entering the market could make it more difficult for supply to rebuild.

However, declining closed and pending sales may partially offset this effect by reducing the pace at which properties leave the market through completed transactions.

For buyers, fewer new listings mean it is important to monitor available inventory carefully. For sellers, reduced new-listing competition may provide an advantage.

What This Means for You

Buyers

Palm Beach County condo and townhome buyers have fewer properties available than they did a year ago, with active inventory down 15% and months of supply declining 23%.

Homes that successfully sell are also moving 18% faster.

However, the condo and townhome market continues to provide considerably more choice than the single-family sector, while both closed and pending sales have declined.

That combination can create opportunities for buyers who are prepared to compare properties carefully and negotiate where appropriate.

Due diligence remains especially important.

Buyers should review HOA fees, reserve funding, insurance, special assessments, building maintenance, association financial statements and rental restrictions before purchasing.

A property’s asking price is only one part of its true cost of ownership.

Sellers

Palm Beach County condo and townhome sellers face substantially less competition than they did last September.

Active inventory is down 15%, new listings have declined 9%, and properties that successfully sell are moving considerably faster.

However, softer sales activity demonstrates that reduced inventory does not guarantee a quick transaction.

Closed sales declined 4%, while pending sales fell 5%.

Sellers should therefore focus on accurate pricing, strong presentation and making important community information readily available to prospective buyers.

In a market where buyers are carefully evaluating ownership costs, transparency about HOA fees, reserves and assessments can be particularly valuable.

Investors

For investors, Palm Beach County’s condo and townhome market offers a different set of opportunities from the tighter single-family sector.

Although inventory has declined, there is still a substantial selection of attached properties available across different communities and price ranges.

That can provide opportunities to compare potential purchases and negotiate with motivated sellers.

However, investors should evaluate the complete financial picture.

HOA fees, special assessments, reserve funding, insurance, property taxes, financing costs, maintenance and rental restrictions can materially affect investment returns.

Community-level fundamentals are especially important when evaluating attached properties.

Final Thoughts

Palm Beach County’s September 2026 condo and townhome market is tighter and faster-moving than it was a year ago, but buyer activity remains measured.

The median sale price increased 3% to $310,000, while active inventory declined 15%, months of supply fell 23%, and days on market decreased 18%.

At the same time, closed sales declined 4%, pending sales fell 5%, and new listings dropped 9%.

That combination tells an important story.

Fewer condos and townhomes are available, and successful listings are selling faster, but buyers are not responding with a significant increase in transaction activity.

Compared with Palm Beach County’s single-family sector, condo and townhome buyers still have considerably more selection and potentially greater negotiating flexibility.

For sellers, reduced competition is an advantage, but accurate pricing and community financial transparency remain essential. For buyers, the current market rewards careful research and an understanding of the full cost of ownership.

As Palm Beach County moves into the final quarter of 2026, the key trends to watch will be whether declining inventory continues to shorten selling times and whether pending sales begin to recover.

For now, the condo and townhome market remains a place where individual property characteristics, community finances and realistic pricing matter just as much as the broader countywide statistics.

Back to Palm Beach Blog