Palm Beach County Market Update – Featured Communities (May 2022)

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 May 2022, overall home sale transactions in Palm Beach County declined by 22% (year-over-year) with pending inventory also declining by 29%.  However, the median sale price continued it’s climb to $451,500, an increase of 22% (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.  With a May 2022 median sale price of $15.8 million, the Town of Palm has some of the most expensive housing not only in Florida but throughout the world.

The following market reports (as of May 2022) provide an update on the state of housing in the following Palm Beach County local area communities:

  • Boca Raton
  • Boynton Beach
  • Delray Beach
  • Jupiter
  • Lake Worth Beach
  • North Palm Beach
  • Palm Beach
  • Palm Beach Gardens
  • Riviera Beach
  • Royal Palm Beach
  • Singer Island
  • Tequesta
  • Wellington
  • West Palm Beach

Quantum Realty Advisors, Inc.

For more than 20 years Quantum has provided premium quality real estate services not only to traditional home buyers and sellers, but to business enterprises, trust and estate managers, asset management firms, charitable organizations and several of the world’s best know financial institutions.

Recent Posts