Palm Beach County Real Estate Market Update – June 2026

Palm Beach County Real Estate Market Update – June 2026

(All Residential Properties)

Palm Beach County’s overall residential real estate market remained exceptionally strong in June, with higher home prices, a surge in closed sales, and inventory continuing to tighten across all property types. Whether buyers were searching for a single-family home, condo, or townhome, demand remained healthy despite a more competitive marketplace.

The biggest story this month is the market’s remarkable balance of strong buyer activity and shrinking supply, a combination that continues to support home values across the county.

Let’s take a closer look.

Market Breakdown – June 2026 vs. June 2025

Median Sale Price: $545,000

📈 Up 9% year-over-year

The median sale price for all residential properties climbed to $545,000, reflecting continued appreciation across Palm Beach County. Strong demand and limited inventory have helped maintain upward pressure on prices despite higher borrowing costs.

Closed Sales: 2,473 properties

📈 Up 22% year-over-year

Closed sales increased dramatically compared to last June, showing that buyers continue to enter the market at a healthy pace. This substantial gain highlights the continued confidence buyers have in Palm Beach County real estate.

Active Inventory: 11,160 properties

🔻 Down 21% year-over-year

Inventory continued to decline across the county, leaving buyers with fewer available homes than they had a year ago. The reduction in supply continues to be one of the primary drivers of today’s competitive market.

Pending Sales: 2,196 contracts

📈 Up 9% year-over-year

Pending sales remained strong, indicating that buyer demand continues to outpace the number of homes coming onto the market. This suggests sales activity should remain healthy through the summer months.

Months of Inventory: 5.3 months

🔻 Down 29% year-over-year

The overall market continues to tighten. While buyers still have more options than they do in the single-family segment alone, inventory has fallen significantly and is approaching a more balanced supply level.

Days on Market: 53 days

📈 Up 8% year-over-year

Homes are taking slightly longer to sell than they did last year. This reflects buyers taking a little more time to compare properties and evaluate financing, insurance, and community costs, rather than any significant slowdown in demand.

New Listings: 2,812 properties

🔻 Down 6% year-over-year

New listings declined modestly, continuing the trend of constrained inventory. Fewer new homes entering the market has helped keep competition relatively strong throughout the county.

What This Means for You

Buyers

Palm Beach County continues to offer opportunities across a wide range of property types. While competition remains strongest for well-priced single-family homes, condos and townhomes often provide additional inventory and flexibility. Being prepared and working with a local expert remains the best strategy in today’s market.

Sellers

Market conditions remain favorable for sellers. Higher prices, a substantial increase in completed sales, and fewer competing listings continue to create an excellent environment for homeowners looking to sell.

Investors

Palm Beach County remains one of South Florida’s most attractive residential markets. Strong demand across all property types, combined with limited inventory and continued price appreciation, supports long-term investment potential.

Final Thoughts

June’s numbers demonstrate that Palm Beach County’s residential market remains one of the strongest in South Florida. Buyers continue to purchase homes at an impressive pace, prices are climbing, and inventory remains well below last year’s levels.

Although buyers are taking slightly longer to complete purchases than they did a year ago, overall demand remains robust across single-family homes, condos, and townhomes. With inventory continuing to tighten and new listings declining, the market remains well-positioned for a strong second half of 2026.

Whether you’re buying your first condo, upgrading to a larger home, or preparing to sell, Palm Beach County continues to offer excellent opportunities across every segment of the residential real estate market.

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