Palm Beach County Real Estate Market Update – July 2026

Palm Beach County Real Estate Market Update – July 2026

Palm Beach County’s overall residential real estate market remained strong in July, with prices rising sharply, sales increasing, homes selling faster, and inventory continuing to tighten across the county.

When single-family homes, condos, and townhomes are considered together, the trend is clear: buyer activity remains healthy while the supply of available properties continues to shrink.

The standout numbers this month are an 11% increase in the median sale price, a 14% rise in closed sales, and a 21% decline in active inventory compared with July 2025.

Let’s take a closer look.

Market Breakdown – July 2026 vs. July 2025

Median Sale Price: $525,000

📈 Up 11% year-over-year

The median sale price across all residential properties climbed to $525,000, representing significant year-over-year growth.

Because this figure combines single-family homes, condos, and townhomes, changes in the mix of properties sold can influence the overall median. Still, combined with higher sales and lower inventory, July’s numbers demonstrate continued strength across the Palm Beach County housing market.

Closed Sales: 2,263 properties

📈 Up 14% year-over-year

More homes changed hands than during the same month last year. This double-digit increase demonstrates that buyers remain active across the county despite higher prices and a reduced selection of available properties.

Active Inventory: 10,597 properties

🔻 Down 21% year-over-year

There were more than one-fifth fewer residential properties available for sale than a year ago.

This substantial decline in inventory is one of the most important trends in the current market, limiting buyer choice and helping to support property values.

Pending Sales: 2,143 contracts

📈 Up 3% year-over-year

Pending sales increased modestly, indicating continued buyer activity and providing a positive signal for future closings.

Months of Inventory: 5.0 months

🔻 Down 30% year-over-year

Palm Beach County’s overall housing supply has tightened dramatically compared with last year. At five months of inventory, the combined residential market is relatively balanced but now provides considerably less supply than buyers had available in July 2025.

The individual property sectors remain different, however. Single-family homes are substantially tighter, while condos and townhomes continue to provide buyers with more selection.

Days on Market: 49 days

🔻 Down 11% year-over-year

Homes are selling faster than they were last year, reinforcing the picture of a more competitive overall marketplace.

Properties that are appropriately priced and presented are benefiting from the reduced number of competing listings.

New Listings: 2,673 properties

🔻 Down 6% year-over-year

Fewer new properties entered the market compared with last July. With sales increasing at the same time, new supply isn’t keeping pace with buyer activity, contributing to the continued decline in active inventory.

What This Means for You

Buyers

Palm Beach County remains competitive, but conditions vary considerably depending on the type of property you’re purchasing.

Single-family home buyers are facing particularly tight supply, while condo and townhome buyers generally have more options. Understanding the conditions within your specific neighborhood, property type, and price range is therefore more useful than relying on countywide numbers alone.

Sellers

July’s statistics create an encouraging environment for sellers. Overall prices are higher, closed sales have increased, inventory is substantially lower, and homes are selling faster than they were last year.

With fewer competing properties available, sellers who combine realistic pricing with strong marketing are well-positioned to capture active buyer demand.

Investors

Palm Beach County continues to offer opportunities across a broad range of residential property types. The combination of tightening supply and continued buyer activity supports the county’s long-term appeal, although investors should evaluate individual communities, carrying costs, rental restrictions, and property-specific fundamentals carefully.

Final Thoughts

July’s numbers point to a Palm Beach County housing market that has become considerably tighter than it was a year ago.

The median sale price increased 11%, closed sales rose 14%, and active inventory declined 21%. At the same time, homes sold 11% faster and overall months of inventory fell 30% to 5.0 months.

The differences between property types remain important. Single-family homes are operating in a much tighter environment, while condos and townhomes still provide buyers with greater selection. But when the market is viewed as a whole, the direction is unmistakable: supply has contracted significantly while buyers remain active.

For anyone considering buying or selling in Palm Beach County in the second half of 2026, understanding the specific conditions within their local community and property type will be key to making the most of today’s market.

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