With a year-over-year increase in inventory, Palm Beach County currently has 6,503 active listings – a 29.6% increase. With more competition in the market, it is shifting to favor buyers, making sellers understand that price reductions could be on the horizon. Despite this increase, closed sales dropped 5.3% year-over-year, a strong signal that buyer activity is cooling despite relatively stable pricing. 

We’re seeing a market shift in Palm Beach County with housing inventory up nearly 30% and homes are taking longer to move. Buyers have more choices and negotiating power.

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.