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Palm Beach County’s housing market continues its strong momentum, with total home sales increasing year-over-year for the 10th consecutive month according to June 2026 data from MIAMI REALTORS® + RWorld, the MIAMI MLS, and BeachesMLS.
Total closed sales jumped 22.3% year-over-year. Single-family home sales climbed 25%, while condominium transactions rose 19%. Luxury sales in the $1 million+ segment surged an impressive 57%, and condo sales in the $400,000–$500,000 range increased 21%.
“Palm Beach County is home to one of the world’s top ultra-luxury markets, but its strength extends well beyond the high end,” said MIAMI REALTORS® + RWorld Palm Beach Regional Vice President Stacy Plean. “Buyers continue to find opportunities across the market.”
Palm Beach County Stands Out Nationally and Globally
- West Palm Beach ranked No. 1 All-Cash Home Buying Market in the U.S. (Redfin)
- Palm Beach ranked No. 3 in the world for prime property price growth over the last five years (Knight Frank Wealth Report 2026)
- West Palm Beach ranked No. 2 America’s Fastest-Growing Millionaire Hub (USA Wealth Report 2025)
Strong Sales Growth Across Palm Beach County
Total Palm Beach County home sales rose from 2,008 to 2,456 in June 2026 (+22.3%). $1 million+ sales increased from 367 to 575 (+57%).
Note: These figures do not include most new construction, pre-construction, or condo conversion sales, which are typically reported separately. MIAMI REALTORS® has led efforts to publish dedicated new construction market reports.
International buyers accounted for 49% of new South Florida construction, pre-construction, and condo conversion sales over an 18-month period ending July 2025. The second Global Sales Report (November 2025) highlighted buyers from 73 countries.
Single-Family Homes and Condominiums Both Climbing
- Single-family sales: +24.85% (1,187 to 1,482)
- Existing condo sales: +18.64% (821 to 974)
Limited FHA loan approvals for many South Florida condo buildings continue to constrain some segments of the market. Of 2,397 condo buildings in Miami-Dade, Broward, and Palm Beach counties, only 21 are FHA-approved. New Fannie Mae and Freddie Mac guidelines effective August 3, 2026, aim to improve transparency and lending standards for condo properties.
Impressive Price Appreciation in Palm Beach County
Condo prices have skyrocketed 261% since 2010 (from $90,000 to $325,000 median). Year-over-year, they rose 3.17% to $325,000 in June 2026, with declining inventory adding upward pressure.
Single-family home median prices increased 11.82% year-over-year to $700,000. Since 2010, single-family prices have appreciated 211% (from $225,000).
Inventory Tightens, Supporting Seller’s Market Conditions
Total active listings dropped 21% year-over-year (13,929 to 10,998).
- Single-family inventory: -23.60% (to 4,782 listings)
- Condo inventory: -18.96% (to 6,216 listings)
Months of supply:
- Single-family: 3.9 months (strong seller’s market)
- Condominiums: 7.2 months (balanced market)
Significant Local Economic Impact
Every home sale generates substantial ripple effects through commissions, moving costs, furnishings, remodeling, and broader economic activity. The average Florida home sale contributes approximately $129,000 in economic impact (NAR).
With 2,456 homes sold in June 2026, Palm Beach County generated roughly $316 million in local economic activity. Total dollar volume reached $2.7 billion (+53.9% year-over-year).
Healthy Market with Low Distressed Sales
Distressed sales (REOs and short sales) remained at historic lows at just 0.5% of closed transactions in June 2026 — a sign of a fundamentally strong market.
Florida and National Context
Florida statewide single-family sales rose 9.3%, with condo-townhouse sales up 14%. National existing-home sales increased 2.8% to a seasonally adjusted annual rate of 4.09 million.
Strong Buyer Activity and Cash Purchases
Palm Beach County buyers are acting decisively:
- Median list price received: 95% for single-family homes, 93% for condos
- Cash sales represented 49.5% of closed transactions (vs. ~25% nationally) — particularly high in condos (58.7%)
Cash buyers, including international purchasers and domestic relocators, remain active despite elevated mortgage rates (30-year fixed averaged 6.49% in June 2026 per Freddie Mac).
Why Palm Beach County Real Estate Continues to Attract Buyers
From Delray Beach and Boca Raton to West Palm Beach and Jupiter, Palm Beach County offers exceptional value compared to other global luxury markets. For $1 million, buyers can purchase significantly more prime property here than in Monaco, New York, London, or Paris (Knight Frank Wealth Report 2026).
Ready to make your move in Palm Beach County? Whether you’re buying, selling, or investing in the Delray Beach, Boca Raton, or greater Palm Beach County area, the current market presents strong opportunities across price points.
Contact me today for a personalized market analysis, expert guidance on current listings, or help preparing your home for sale to maximize value in this active market.
Barry Frette, Realtor® William Raveis – Florida LLC South Palm Living | Delray Beach Real Estate Specialist 📍 New Downtown Delray Beach Office Contact Barry | View Current Listings
June 2026 Palm Beach County Statistical Reports available at SFMarketIntel.com
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