Palm Beach County Real Estate Market Report: Is a Crash Coming?
You’ve been seeing the headlines everywhere — Florida real estate market crash, the bottom is falling out in the Palm Beach County housing market.
It’s enough to make any buyer or seller in Palm Beach County nervous.
But what’s really going on?
In this video, we’re going to dive into the latest Palm Beach County real estate market statistics and uncover the truth behind those sensational headlines. We’re going to look at the data, not the fear, and I’ll show you why a lot of the numbers the media relies on don’t tell the full story.
Stay tuned so you can find out what the real numbers mean for you — whether you’re buying or selling.
Sure, I could ask you to like and subscribe, but honestly, I’d rather you just pick up the phone and call me. My number is 786-443-7203. If I don’t answer, I probably think you’re a spam caller — so leave a message and I’ll call you right back. You can also text or email me. All my contact information is below.
The Truth About Median Sold Pricing
Hope everyone had a good month — let’s get right into it.
Median sold pricing has been essentially level for the last two to three years. Despite what the media says about prices crashing in Florida, that’s not what we’re seeing in Palm Beach County. I don’t put much weight on this stat because the county has such a wide range of real estate types and price points.
That said, I track it because buyers always ask about it. Let’s move to something I think does matter.
Sold Listings: Is the Market Really Slowing Down?
Number of sold listings is one of the most important metrics. Right now, total transactions are down — and that’s completely expected. Every year we see the same pattern:
May/June → down through January
Then a rebound
Then another slide
So we’re not surprised total transactions were down last month. Importantly, it’s not a steep decline, which would be more concerning. This seasonality is something buyers and sellers should use to their advantage.
Buyers: We’re in mid-August, which means you still have a couple of months to shop with less competition and potentially get a better deal.
Sellers: Unless you’re in a very active sub-market, you may want to wait a couple of months to list. Use the time now to prepare and strategize.
Sold to List Price Ratio (What It Means for Both Sides)
This is the percentage of the original listing price that the home sold for (price reductions are not included here).
Right now we’re at around 95%–96% of list price.
Sellers: Expect to negotiate 4–5% off your asking price. If you’re not willing to negotiate at all, buyers will likely move on quickly.
Buyers: Don’t come in 15–20% below asking unless you’re in a very specific pocket of the market — that strategy generally isn’t working right now.
Median Days on Market: A Key Indicator of Market Urgency
Median days on market is 51 days. This captures active to pending, not pending to close — so if you’re selling, you need to add 30–45 days to that to estimate when you actually get paid.
This is one of the metrics I focus on most (along with number of sales and months of inventory).
Buyers: If you saw something listed in July and it’s still on the market today, you’re not under a lot of pressure to rush an offer.
Sellers: Don’t panic if you’re 60–70 days into a listing. Time on market varies by neighborhood and price bracket — and we’d tighten this up if you tell me your specific area.
Median Price Per Square Foot
Much like median sold price, I don’t put a lot of weight on price per square foot in broad market reporting.
However, one clear trend continues: the units in good condition are selling — and usually at higher PPSF. Outdated or poorly presented units are getting ignored or heavily discounted.
If I recommend upgrades, it’s not to maximize value — it’s simply to get the unit sold.
Total Dollar Volume Sold
I rarely focus on this stat, and this month is a good example of why:
A single $50M sale and four other large sales totaled $100M, which accounted for 10% of total volume.
With over 1,000 transactions per month, just a few high-end sales can dramatically skew this.
Quick glance is fine — but that’s all it’s useful for.
Months of Supply of Inventory (The Most Important Metric)
Current supply: 5.11 months
12-month change: up less than 1%
If the current pace of sales stayed the same, it would take 5.11 months to sell all available inventory. Two things change that:
Number of sales
Number of listings
What I’m watching closely is the trend — and it’s beginning to curl down. That means conditions may start tightening for buyers.
A lot of sellers are simply pulling listings rather than lowering prices. There’s very little distress in this market. Most owners have substantial equity and can afford to wait.
If this downward trend in supply continues, late Q4 and early Q1 could become a very tight window for buyers. Less inventory and firmer seller positions = fewer negotiating opportunities.
If you’re thinking about buying or selling in Palm Beach County, call or text me at 786-443-7203. You can also email me, fill out the contact form in the description, or connect through my website.
Let’s chat — and if you’re in Jupiter, I’m always up for a coffee or cocktail.
Take care, and I’ll see you next month.
