Palm Beach County Real Estate Market Update – August 2026

Palm Beach County Real Estate Statistics – August 2026

All Residential Properties

Palm Beach County’s overall residential real estate market continued to tighten in August 2026, with substantially fewer properties available than a year ago and homes selling faster. Prices moved higher, but completed sales declined slightly, creating a market where limited supply is not automatically translating into greater transaction volume.

Across all residential property types, the median sale price increased 6% year-over-year, while active inventory fell 20% and months of supply dropped 29%. Homes also sold 14% faster than they did last August.

At the same time, closed sales declined 4%, while pending sales were essentially flat.

Perhaps the most important takeaway is what sits underneath the countywide figures: Palm Beach County’s single-family and condo/townhome markets continue to operate under noticeably different conditions.

Here’s a closer look.

Market Breakdown – August 2026 vs. August 2025

Median Sale Price: $505,500

📈 Up 6% year-over-year

The median sale price across Palm Beach County’s residential market reached $505,500 in August, 6% higher than a year ago.

The increase reflects the properties that sold across the county during the month and should not be interpreted as every Palm Beach County home increasing in value by 6%.

The underlying segments also moved differently. The single-family median increased 3% to $650,000, while the condo and townhome median increased 5% to $300,000. The mix of properties sold can therefore influence the combined countywide figure.

Closed Sales: 1,890 properties

🔻 Down 4% year-over-year

Closed sales declined 4% compared with August 2025.

Both major property segments contributed to the decline, although condos and townhomes saw the larger year-over-year reduction.

The figure is particularly interesting when viewed alongside the 20% drop in active inventory. Palm Beach County has significantly fewer homes available, but that scarcity has not resulted in more completed transactions.

Active Inventory: 10,264 properties

🔻 Down 20% year-over-year

Active inventory fell by one-fifth compared with last August.

This is one of the clearest changes in Palm Beach County’s housing market. Buyers across the county have considerably fewer properties to choose from than they did a year ago.

The decline affects both major segments, with single-family inventory down 24% and condo/townhome inventory down 17%.

Pending Sales: 2,092 contracts

📈 Up 1% year-over-year

Pending sales were essentially unchanged, increasing just 1%.

That suggests transaction activity entering the pipeline remains relatively steady despite the substantial decline in available inventory.

Single-family pending sales increased 2%, while condo and townhome pendings declined 1%, reinforcing the slightly stronger position of the single-family sector.

Months of Inventory: 4.8 months

🔻 Down 29% year-over-year

Overall months of supply fell sharply to 4.8 months, down 29% from August 2025.

Taken alone, that puts Palm Beach County on the seller-leaning side of a balanced market.

However, the countywide figure masks a significant difference between property types.

Single-family homes had just 3.5 months of inventory, while condos and townhomes had 6.7 months.

That means a buyer searching for a detached home is operating in a substantially tighter market than someone shopping for a condo or townhome.

Days on Market: 49 days

🔻 Down 14% year-over-year

Residential properties sold faster overall in August, with days on market declining 14%.

Again, both major sectors contributed to the improvement. Single-family homes averaged 40 days on market, while condos and townhomes averaged 69 days.

The difference reinforces the need to look beyond countywide averages when determining how quickly a particular property may sell.

New Listings: 2,670 properties

🔻 Down 4% year-over-year

Fewer new properties entered the Palm Beach County market in August.

With active inventory already down 20%, the 4% decline in new listings provides little opportunity for supply to rebuild.

The difference between property types is notable here as well: single-family new listings declined 7%, while condo and townhome listings were essentially flat, increasing 1%.

What This Means for You

Buyers

Palm Beach County buyers need to pay particular attention to what type of property they are purchasing.

Single-family buyers face just 3.5 months of inventory, fewer new listings and faster selling times. Being financially prepared and monitoring new listings closely can therefore be important when a desirable property becomes available.

Condo and townhome buyers have more breathing room, with 6.7 months of supply. That can create greater opportunity to compare properties and negotiate, particularly on listings that have spent longer on the market.

For condo buyers, HOA fees, reserve funding, special assessments, insurance costs and the financial health of the community or building should remain central to the decision.

Sellers

Palm Beach County sellers are facing substantially less competition than they were a year ago.

Active inventory is down 20%, months of supply has fallen 29%, and properties are selling 14% faster.

However, closed sales declined 4%, making realistic pricing particularly important. Reduced supply does not mean buyers will overlook an overpriced property.

Single-family sellers generally have the stronger supply-and-demand position, while condo and townhome sellers face a market with more available inventory and greater buyer choice.

Investors

For investors, Palm Beach County’s combined statistics demonstrate why property-level analysis is essential.

The single-family sector is relatively tight, while condos and townhomes offer more supply and potentially more room for negotiation.

Investors should evaluate purchase price alongside insurance, taxes, financing, maintenance, HOA costs, special assessments and realistic rental income rather than relying solely on countywide price or inventory trends.

Final Thoughts

Palm Beach County’s August 2026 housing market is best described as tighter, faster-moving and increasingly segmented.

Across all residential properties, the median sale price increased 6%, active inventory fell 20%, months of supply declined 29%, and days on market dropped 14%.

Yet closed sales declined 4%, while pending sales increased just 1%.

That combination suggests that limited inventory is supporting prices and reducing selling times, but buyers remain selective and transaction volume is not accelerating.

Most importantly, there is no single Palm Beach County market. Single-family homes are operating with just 3.5 months of supply, compared with 6.7 months for condos and townhomes.

For buyers and sellers alike, understanding the conditions affecting their specific property type, price range and neighborhood is far more useful than relying on the countywide numbers alone.

As we move toward the final quarter of 2026, whether inventory continues to contract — and whether sales activity responds — will be one of the most important trends to watch in Palm Beach County real estate.

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