Palm Beach County Real Estate Market Report — June 2026
The Palm Beach County housing market in June 2026: the median single-family home sold for $700,000, up 11.8% from a year ago, while the median condo sold for $325,000, up 3.2%. Total home sales rose for the 10th consecutive month (up 22.3% year over year), inventory fell 21%, and nearly half of all purchases — 49.5% — were all-cash. Single-family homes remain in a seller's market at 3.9 months of supply; condos are balanced at 7.2 months. Here is the full data, updated monthly by PBP Real Estate, LLC.
Palm Beach County Housing Market: June 2026 by the Numbers
| Metric | Single-Family | Condo/Townhouse |
|---|---|---|
| Median sale price | $700,000 (+11.8% YoY) | $325,000 (+3.2% YoY) |
| Closed sales | 1,482 (+24.9%) | 974 (+18.6%) |
| Active inventory | 4,782 (−23.6%) | 6,216 (−19.0%) |
| Months of supply | 3.9 (seller's market) | 7.2 (balanced) |
| Median days to contract | 42 (unchanged) | 68 (up from 61) |
| % of original list price received | 95% | 93% |
Key facts behind the numbers
- Cash is king: 49.5% of all Palm Beach County closed sales in June 2026 were cash, up from 47.3% a year earlier and roughly double the national rate of about 25%. West Palm Beach ranks No. 1 in the U.S. for all-cash home buying (Redfin).
- Luxury is accelerating: sales of $1 million and up climbed 57% year over year to 575 closings. Total dollar volume rose 53.9% to $2.7 billion.
- Supply is tightening: total active listings fell 21% year over year to 10,998 — more buyer competition and continued upward price pressure.
- Distressed sales are near zero: just 0.5% of closings were short sales or bank-owned — a fundamentally healthy market.
- Rates and financing: the 30-year fixed mortgage averaged 6.49% in June 2026 (Freddie Mac). Condo financing remains the market's chokepoint — under 1% of South Florida condo buildings are FHA-approved, though Fannie Mae and Freddie Mac guideline updates arriving August 2026 are expected to improve condo lending transparency.
Sources: MIAMI REALTORS® + RWorld / BeachesMLS June 2026 statistics; Freddie Mac Primary Mortgage Market Survey; National Association of REALTORS®; Redfin.
What this means if you're selling in Palm Beach County
Single-family sellers still hold the leverage: 3.9 months of supply, 42 days to contract, and 95% of original list price received. But the 11.8% price gain is not evenly distributed — well-prepared, correctly priced homes are driving it, while overpriced listings sit. Condo sellers face a more competitive, balanced market (7.2 months of supply, 68 days to contract) where pricing strategy, building financials, and presentation decide the outcome. If you want to know what the June data means for your specific home, request a free home valuation from PBP Real Estate, LLC and we will run the numbers for your neighborhood, not just the county.
Palm Beach County Market Report: Questions & Answers
Is Palm Beach County a buyer's or seller's market right now?
Single-family homes are in a seller's market at 3.9 months of supply as of June 2026. Condos and townhouses are in a balanced market at 7.2 months of supply, giving condo buyers more negotiating room.
What is the median home price in Palm Beach County?
The median single-family home price was $700,000 in June 2026, up 11.8% year over year. The median condo price was $325,000, up 3.2%.
How long does it take to sell a house in Palm Beach County?
The median single-family home went under contract in 42 days in June 2026, with a median total time to sale of 89 days. Condos took 68 days to contract and 107 days to close.
Are home prices in Palm Beach County going up or down?
Up. Single-family prices rose 11.8% year over year in June 2026, and falling inventory (down 21%) continues to put upward pressure on prices. Condo prices rose more modestly at 3.2%.
Why are so many Palm Beach County homes bought with cash?
49.5% of June 2026 closings were all-cash — about double the national average — driven by affluent relocation buyers, downsizers, and investors. West Palm Beach ranks No. 1 in the U.S. for all-cash home purchases according to Redfin.
This report is prepared monthly by PBP Real Estate, LLC (Fla. license CQ1064615), Boca Raton, Florida, using MLS and industry data believed reliable but not guaranteed. Portions of our research and content workflow are AI-assisted and reviewed by our licensed team — see our AI Policy. See also our Broward County Market Report.