Palm Beach County has one of the most active residential real estate markets throughout the state. Since the onset of the pandemic, Palm Beach County has experienced a substantial acceleration in its growth rate driven by out-of-state residents and companies relocating to the area.
During the month of June 2022, residential housing continues to slow with overall home sale transactions in Palm Beach County declining by 32% (year-over-year) with pending inventory also declining by 30%.
The median sale price, however, continued it’s climb to $460,000, an increase of 21% (year-over-year).
The market across the communities with Palm Beach County is diverse, ranging from traditional suburban neighborhoods to golf course communities, oceanfront condominiums and a vibrant downtown core in the heart of the county. The county is home to a number of high end communities like the Town of Palm which has some of the most expensive housing not only in Florida but throughout the world. The median sale price for single family homes in Palm Beach as of June 2022 was $14,750,000.
The following market reports (as of June 2022) provide an update on the state of housing in the following Palm Beach County local area communities:
- Boca Raton
- Boynton Beach
- Delray Beach
- Lake Worth Beach
- North Palm Beach
- Palm Beach
- Palm Beach Gardens
- Royal Palm Beach
- Singer Island
- West Palm Beach