With a year-over-year increase in inventory, Palm Beach County currently active listings rose 25.1% year-over-year, reaching 6,391 homes on the market. Months’ supply of inventory also increased to 5.8, signaling a shift toward a more balanced market. However, closed sales dipped 7.3% compared to last May (1,334 vs. 1,439), reflecting hesitancy despite stronger inventory. Homes are also taking longer to sell: the median time to sale rose to 86 days, up 2.4% year-over-year.

We’re seeing a shift in Palm Beach County,” says President of the Broward, Palm Beaches & St. Lucie Realtors® Jonathan Lickstein. “With inventory climbing and homes spending more time on the market, buyers are gaining the upper hand—but sellers still hold value.”

Staying updated on Florida’s real estate market trends is essential for making informed decisions when buying, selling, or investing. The market’s unique seasonal shifts, driven by factors like weather, taxes, and out-of-state buyers, can significantly impact property values and availability.