{"id":858,"date":"2025-09-23T10:46:20","date_gmt":"2025-09-23T15:46:20","guid":{"rendered":"https:\/\/www.brickellsold.com\/blog\/palm-beach-county-single-family-home-sales-rise-for-second-consecutive-month\/"},"modified":"2026-04-13T10:49:49","modified_gmt":"2026-04-13T14:49:49","slug":"palm-beach-county-single-family-home-sales-rise-for-second-consecutive-month","status":"publish","type":"post","link":"https:\/\/www.brickellsold.com\/blog\/palm-beach-county-single-family-home-sales-rise-for-second-consecutive-month\/","title":{"rendered":"Palm Beach County Single-Family Home Sales Rise for Second Consecutive Month"},"content":{"rendered":"

MIAMI<\/a><\/strong> \u2014 Palm Beach County single-family home sales rose year-over-year for the second consecutive month in August 2025, according to statistics released by the MIAMI<\/a> Association of Realtors (MIAMI) and the MIAMI Southeast Florida<\/a> Multiple Listing Service (SEFMLS).<\/p>\n

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Palm Beach County single-family home transactions increased 1.98% year-over-year in August 2025, from 1,113 to 1,135.<\/p>\n

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\u201cWith the Fed cutting rates last week and mortgage rates declining, this should only unlock more demand for Palm Beach County real estate<\/a>,\u201d JTHS-MIAMI President Ginenne Boehm said.<\/p>\n

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Palm Beach County Single-Family Home $1M & Up Transactions Increase<\/strong><\/p>\n

Palm Beach County single-family home $1M and up sales increased 7% year-over-year in August 2025, from 246 to 262.<\/p>\n

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Total sales in August 2025 declined negligibly 0.8% year-over-year in Palm Beach County, from 1,971 to 1,955 due to elevated mortgage rates and a lack of inventory in key price points. The market is moving towards balance, which is healthy after the pandemic home-buying craze.<\/p>\n

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The sales total doesn\u2019t include South Florida\u2019s new construction<\/a>, pre-construction and condo conversion sales because they are largely not reported in the MLS. But MIAMI led the charge to publish a first-ever report.<\/p>\n

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International buyers purchased 49% of new South Florida<\/a> construction, pre-construction and condo conversion sales over an 18-month period ending in June 2025, according to MIAMI REALTORS\u00ae first-ever New Construction Global Sales Report<\/a>. Data was aggregated from 9,115 units in 37 new construction<\/a> condominium projects in the Miami market area. MIAMI collaborated with Cervera Real Estate, ISG World, PMG, SERHANT. New Development and ONE Sotheby\u2019s International Realty for the report.<\/p>\n

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Palm Beach County single-family home transactions increased 1.98% year-over-year in August 2025, from 1,113 to 1,135.<\/p>\n

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Palm Beach County Condo Sales<\/strong><\/p>\n

Palm Beach County total condo sales declined 4.43% year-over-year in August 2025, from 858 to 820. The decline is due to elevated mortgage rates, lack of inventory at key price points and lack of FHA loans. The lack of Federal Housing Administration loans for many existing Miami condominium buildings is preventing further market strengthening. Of the 2,397 condominium buildings in Miami-Dade, Broward and Palm Beach counties, only 21 are approved for FHA loans, according to statistics from the U.S. Department of Housing and Urban Development.<\/p>\n

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Just 0.9% of South Florida condo buildings are approved for FHA loans. Florida is the only state in the U.S. that requires a client to put down 25% for a limited review if the condo building doesn\u2019t have enough in reserves. The requirement for every other state is 10%.<\/p>\n

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Palm Beach County Single-Family Home Prices Rise<\/strong><\/p>\n

Palm Beach County single-family home median sale prices increased 2.02% year-over-year in August 2025, from $617,500 to $630,000.<\/p>\n

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Palm Beach County existing condo median prices decreased 9.52% year-over-year in August 2025, from $315,000 to $285,000.<\/p>\n

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South Florida remains a bargain in comparison to other global cities. For $1M, homebuyers can purchase 58 square meters of prime property in Miami, according to the 2025 Knight Frank Wealth Report<\/a>. That is almost four times more than Monaco (19 square meters), nearly two times more than New York (34) and London (34) and more than Paris, Sydney, Tokyo and more.<\/p>\n

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South Florida Real Estate<\/a> Home Equity & Appreciation is Nearly 2X the National Figure<\/strong><\/p>\n

Home equity is crucial for wealth building, provides a financial safety net, investment opportunities, refinancing options and more.<\/p>\n

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South Florida\u2019s home equity gains are nearly two times the national figure. Home equity gains on a Miami single-family home purchased in Q4 2009 and sold in Q4 2024 is $555,900 versus the U.S. average at $306,600, according to MIAMI REALTORS\u00ae Research.<\/a><\/p>\n

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Home equity gains on a Miami condo<\/a> purchased in Q4 2009 and sold in Q4 2024 is $342,600 versus the U.S. average of $252,000.<\/p>\n

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Over the last five years, the average homeowner\u2019s wealth has increased by $140,900, according to NAR. Research also shows a growing wealth gap between owners and renters: Based on the latest Federal Reserve Survey of Consumer Finance, NAR projected in March that homeowners\u2019 median net worth would reach $430,000 in 2025 versus $10,000 for renters.<\/p>\n

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Florida\u2019s Live Local Act, which was passed in 2023 and amended in May 2024, is encouraging developers to build more affordable housing<\/a>. The Live Local Act gives developers the highest density allowed in a local area if they allocate 40% of its units for affordable housing<\/a>. The state law defines an affordable unit as being at or below 120% of an area\u2019s median income.<\/p>\n

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Fed Finally Cuts Rates; Mortgage Rates Declining<\/strong><\/p>\n

The Fed cut rates by 25 basis points last week, with Fed Chair Jerome Powell signaling the possibility of two more cuts before year-end. South Florida\u2019s luxury market soared with elevated rates. With rates declining, it only merits reason a high-demand, low-supply market like South Florida will shine with a reduction in mortgage rates.<\/p>\n

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According to Freddie Mac, the 30-year fixed-rate mortgage was 6.26% on Sept. 18, 2025.<\/p>\n

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\u201cThe Miami market area\u2019s housing outlook is only poised to turn even brighter as mortgage rates continue to head to 6% by year-end in the wake of the Fed\u2019s latest rate cut,\u201d MIAMI REALTORS\u00ae Chief Economist Gay Cororaton said. \u201cIn August, we saw buyer momentum and confidence building up based on several indicators: more pending sales for both single-family and condo than last year, peak inventory levels starting to come down, and single-family prices up broadly from one year ago.\u201d<\/p>\n

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Total Palm Beach County Inventory Below Pre-Pandemic; New Listings Drop<\/strong><\/p>\n

New listings continue to fall each month and active listings are not growing as fast as they were at the start of the year.<\/p>\n

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Total active listings at the end of August 2025 increased 9.7% year-over-year, from 11,543 to 12,661. Homebuyers are in a great position to find the right home and negotiate for a better price.<\/p>\n

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New listings for all Palm Beach County properties<\/a> decreased 10.73%, from 3,104 to 2,771. This shows there is no rush to list and that the rise in active listings could decline in the future.<\/p>\n

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Inventory of single-family homes<\/a> increased 8.46% year-over-year in August 2025 from 5,257 active listings last year to 5,702 last month.<\/p>\n

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Condominium inventory increased 10.71% year-over-year in August 2025, from 6,286 to 6,959 listings during the same period in 2024, but the total is still significantly below pre-pandemic.<\/p>\n

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Months\u2019 supply of inventory for single-family homes<\/a> is 5.2 months, which indicates a seller\u2019s market. Inventory for existing condominiums is 9 months, which indicates a balanced market. A balanced market between buyers and sellers offers between six- and nine-months supply.<\/p>\n

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Palm Beach County Real Estate<\/a>: $252 Million in Local Economic Impact<\/strong>
\nEvery time a home is sold it impacts the economy: income generated from real estate industries (commissions, fees and moving expenses), expenditures related to home purchase (furniture and remodeling expenses), multiplier of housing related expenditures (income earned as a result of a home sale is re-circulated into the economy) and new construction (additional home sales induce added home production).<\/p>\n

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The total economic impact of a typical Florida home sale is $129,000, according to NAR. Palm Beach County sold 1,989 homes in August 2025 for a local economic impact of $252 million.<\/p>\n

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Palm Beach County total dollar volume decreased 1.2% year-over-year in August 2025 to $1.4 billion.<\/p>\n

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Single-family home dollar volume increased 0.56% year-over-year to $1.08 billion. Condo dollar volume decreased 6.62% year-over-year to $347 million.<\/p>\n

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Palm Beach County Distressed Sales Remain at Historic Lows, Reflecting Healthy Market<\/strong>
\nOnly 0.8% of all closed residential sales in Palm Beach County were distressed last month, including REO (bank-owned properties) and short sales, versus 0.7% in August 2024.<\/p>\n

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Short sales and REOs accounted for 0.1% and 0.7%, respectively, of total Palm Beach County sales in August 2025.<\/p>\n

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Palm Beach County\u2019s percentage of distressed sales are less than the national figure. Nationally, distressed sales have averaged 2%.<\/p>\n

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State Statistics<\/strong><\/p>\n

In Florida, closed sales of single-family homes statewide totaled 21,798 in August 2025, down 3.9% year-over-year, while existing condo-townhouse sales totaled 7,424, down 6%.<\/p>\n

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The statewide median sales price for single-family existing homes was $410,000, down 0.4% from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards\/associations. Last month\u2019s statewide median price for condo-townhouse units was $290,000, down 6.5% vs. last year. The median is the midpoint; half the homes sold for more, half for less.<\/p>\n

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Palm Beach County Real Estate Attracting Near List Price<\/strong>
\nThe median percent of original list price received for single-family homes was 93% in August 2025. The median percent of original list price received for existing condominiums was 90%.<\/p>\n

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The median number of days between listing and contract dates for Palm Beach County single-family home sales was 46 days, up from 40 days last year. The median time to sale for single-family homes was 88 days, up from 81 days last year.<\/p>\n

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The median number of days between the listing date and contract date for condos was 74 days, up from 51 days. The median number of days to sale for condos was 112 days, up from 87 days.<\/p>\n

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Palm Beach County Cash Sales More than National Figure <\/strong>
\nCash sales represented 45.5% of Palm Beach County closed sales in August 2025, compared to 45.7% in August 2024. About 20% of U.S. home sales are made in cash, according to the latest NAR statistics.<\/p>\n

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Cash buyers are not deterred by rising rates. The high percentage of cash buyers reflects South Florida\u2019s top position as the preeminent American real estate market for foreign buyers, who tend to purchase with all cash as well as some moving from more expensive U.S. markets who can buy more with their profits from real estate sales.<\/p>\n

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Cash sales accounted for 55% of all Palm Beach County existing condo sales and 38.6% of single-family transactions.<\/p>\n

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To access August 2025 Palm Beach County Statistical Reports, visit\u00a0http:\/\/www.SFMarketIntel.com<\/a><\/p>\n

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Note: Statistics in this news release may vary depending on reporting dates. MIAMI reports exact statistics directly from its MLS system.<\/p>\n

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About the MIAMI Association of REALTORS\u00ae \u00a0<\/strong><\/p>\n

The MIAMI Association of REALTORS\u00ae (MIAMI) was chartered by the NATIONAL ASSOCIATION OF REALTORS\u00ae in 1920, and is celebrating 105 years of service to REALTOR\u00ae members, the buying and selling public, and the communities in South Florida. Composed of six boards: MIAMI- RESIDENTIAL, MIAMI- COMMERCIAL; BROWARD-MIAMI, a division of MIAMI REALTORS\u00ae; JTHS-MIAMI, a division of MIAMI REALTORS\u00ae in the Jupiter-Tequesta-Hobe Sound area; MIAMI YPN, our Young Professionals Network Council; and the Corporate Board of Directors. MIAMI REALTORS\u00ae represent 58,000 total real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local REALTOR\u00ae association in the U.S. and has official partnerships with 288 international organizations worldwide. MIAMI\u2019s official website is www.MiamiRealtors.com<\/a><\/p>\n

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###<\/strong><\/p>\n

The post Palm Beach County Single-Family Home Sales Rise for Second Consecutive Month<\/a> appeared first on MIAMI REALTORS\u00ae<\/a>.<\/p>\n

Miami market relevance<\/h2>\n

If this topic impacts buyers or sellers, the most useful context is what is happening locally. Track current pricing, inventory, and days on market in Miami, and compare active listings by building or neighborhood before making decisions.<\/p>\n

Browse current Miami listings<\/a> or request a tailored report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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