President Jonathan Lickstein explains the reason Behind Palm Beach County home and condo prices dropping in March
Palm Beach Post
Due to rising inventory, prices on single-family homes in Palm Beach County dipped in March compared to the previous year, settling at a median of $625,000, with buyers having more to choose.
The March home sale data, released by the Broward, Palm Beaches and St. Lucie Realtors®, noted a 15% increase in new listings compared to the same time in 2024.
“I take this as a kind of market normalization,” said Jonathan Lickstein, president of the Realtors® group. “We’ve seen a slowdown of demand by buyers given the cost of home ownership, and we’re coming out of season, so a slight price adjustment is pretty natural.”