Palm Beach County Real Estate Market Update – May 2026

Palm Beach County May Real Estate Statistics

Palm Beach County’s housing market continues to gain strength as we head into the summer season. Prices are climbing, sales are increasing, and inventory has tightened dramatically compared to a year ago. The result is a market where buyers are facing more competition and sellers are benefiting from limited supply.

The biggest story this month is simple: demand continues to outpace supply.

Let’s take a closer look.

Market Breakdown – May 2026 vs. May 2025

Median Sale Price: $675,000

📈 Up 5% year-over-year

Home values continue to appreciate at a healthy pace. A 5% increase demonstrates that buyer demand remains strong despite higher prices and limited inventory.

Closed Sales: 1,437 homes

📈 Up 8% year-over-year

Sales activity remains robust. More buyers are successfully closing on homes compared to last year, reinforcing the strength of the market.

Active Inventory: 4,946 homes

🔻 Down 23% year-over-year

Inventory continues to shrink significantly. With nearly one-quarter fewer homes available than last year, buyers have fewer options and competition is increasing.

Pending Sales: 1,530 contracts

📈 Up 20% year-over-year

This is one of the strongest indicators in this month’s report. Pending sales surged, suggesting buyer demand remains extremely active and that future closings should remain strong.

Months of Inventory: 4.1 months

🔻 Down 29% year-over-year

Supply levels have fallen well below balanced-market conditions, firmly pushing Palm Beach County into seller-favored territory.

Days on Market: 40 days

🔻 Down 5% year-over-year

Homes are selling faster than they were last year. Buyers are acting quickly when desirable properties hit the market.

New Listings: 1,603

🔻 Down 9% year-over-year

Fewer homeowners are listing their properties, which is contributing to the ongoing inventory shortage.

What This Means for You

Buyers

Competition remains intense. With inventory down significantly and pending sales rising sharply, buyers should be prepared to move quickly when they find the right property.

Sellers

This continues to be an excellent market for sellers. Limited inventory, rising prices, and strong buyer demand create favorable conditions for achieving strong results.

Investors

Palm Beach County remains one of South Florida’s strongest markets. Tight supply and steady appreciation continue to support long-term investment potential.

Final Thoughts

May’s numbers reinforce what we’ve been seeing throughout the spring: Palm Beach County remains a highly competitive market driven by strong demand and limited inventory.

With prices rising, homes selling faster, and supply continuing to tighten, sellers remain in a strong position while buyers should expect competition to remain elevated throughout the summer months.

The market’s momentum remains firmly intact as we head into the second half of 2026.

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