INVENTORY GROWS IN PALM BEACH COUNTY AS SALES SLOW AND MARKET BALANCES
Just in! August 2025 reports have been released detailing recent real estate activity in Palm Beach County. The reports compare year-over-year data. Here are statistics on single-family homes.
Palm Beach County’s housing market continued its gradual shift in August, with closed sales declining 5.3% year-over-year to 1,330 transactions (down from 1,405 in August 2024). Meanwhile, active listings increased by 11.6%, reaching 6,156 homes and raising the months’ supply of inventory to 5.8, continuing the trend toward a more balanced, buyer-friendly environment. The median sale price held steady at $640,000, unchanged from a year ago, reflecting overall price stability despite fewer transactions. Homes are also taking longer to sell: the median time to sale rose 8.7% to 88 days, giving buyers more time and leverage in the decision-making process. Additionally, cash sales declined by 9.5%, signaling a shift toward more traditional, mortgage-financed buyers.
“We’re seeing more breathing room in Palm Beach County,” says President of the Broward, Palm Beaches & St. Lucie Realtors® Jonathan Lickstein. “With more homes on the market and longer timelines, buyers can take their time. It's also a great time for first-time buyers to explore assumable loans, which can offer significant savings on interest. It is a powerful but often overlooked financing option. A local Realtor® can help you navigate these opportunities with confidence.”
Assumable loans let buyers take over the seller’s existing mortgage, including its lower interest rate, something many homeowners locked in before rates climbed. This can lead to major savings over time, particularly for first-time buyers concerned about affordability. While these loans aren’t available on every property, a local Realtor® can help you identify homes with assumable financing and guide you through the process with confidence.
Contact a local Realtor® today – we serve as your personal resource to the communities where we live, work, and play, providing local expertise on amenities, neighborhoods, and so much more. Learn more on how Realtors® can serve your needs at OnlyARealtor.com.
View Reports: Single Family | Townhomes/Condos
About Broward, Palm Beaches & St. Lucie Realtors®
Broward, Palm Beaches and St. Lucie Realtors® is South Florida’s premier REALTOR association. More than 42,000 members in eight locations are equipped to sell real estate along 130 miles of coastline in South Florida and the Treasure Coast. Broward, Palm Beaches, St. Lucie Realtors® work to enhance its members' ability and opportunity to conduct business professionally, ethically and profitably throughout their career. As the third largest local association in the nation, the association empowers members as leaders and influencers in the industry and community. Broward, Palm Beaches and St. Lucie Realtors® is the local chapter of the National Association of REALTORS® To learn more visit, RWorld.com