Palm Beach Latest Market Report

david horine • March 19, 2025

Palm Beach Real Estate Market Overview: Major Trends & Insights



The Palm Beach single-family home market is resilient, with closed sales up by 4.8% compared to the previous year. Prices of homes continue to appreciate, with the median sale price increasing by 5.7% and the average sale price up by 20.9%, showing robust demand for high-value homes. Total dollar volume is also up significantly by 26.7%, showing a vibrant luxury market. Yet, inventory has grown by 25.2%, so buyers have more choices. Though homes continue to sell at a consistent rate, the median time to contract has increased by 10.5%, indicating that pricing techniques will have to be revised to accommodate buyer expectations.


In the condo and townhouse market, sales have been relatively flat, with a 1.3% gain in closed sales. Prices are going up, with the median sale price rising by 1.5% and the average sale price rising by 22%, which reflects robust demand in this sector. Yet homes are lingering longer on the market, as the median time to contract has risen by 77.1%, which indicates a change that can prompt sellers to be more accommodating. Inventory has expanded substantially by 38.7%, allowing buyers to negotiate more.


In general, Palm Beach is still a seller's market, especially in the high-end home market, but increasing inventory and longer selling periods signal a potential market change. Sellers need to emphasize competitive pricing and marketing to entice buyers, while buyers have more options and room to negotiate good deals.


If you're thinking of buying or selling in Palm Beach, it's time to plan with a real estate professional. Reach out today!

The Top Home Renovations That Add Value in 2025

By david horine • April 24, 2025
In 2025, homeowners are focusing on renovations that not only enhance their living spaces but also offer significant returns on investment. From integrating smart technologies to boosting curb appeal, here are the top home improvements that add value this year.​

AI & Real Estate: How It’s Changing the Home Buying Process in 2025

By david horine • April 23, 2025
The integration of Artificial Intelligence (AI) into the real estate sector has significantly transformed the home buying process in 2025. From personalized property searches to virtual staging and streamlined transactions via smart contracts, AI is enhancing efficiency, personalization, and security for buyers and sellers alike.​

50 Best Staging Tips

By Toni Lefler • April 22, 2025
What is the magic formula that sells one home quicker than another? The real estate market says location, location, location and priced to sell. On a more subtle level, people buy because a home meets their needs and has a strong emotional appeal to their senses.

Real Estate Investing in 2025: Where to Put Your Money This Spring

By david horine • April 14, 2025
While the real estate market changes and adapts, investors are ever on the lookout for opportunities which reflect developing trends and provide substantial returns. There are a few major areas this Spring 2025 which attract attention: new markets, short-term rentals, and multi-family investments. These investment options and how you can take advantage of them are analyzed in depth here.

Spring Cleaning for Sellers: How to Make Your Home Market-Ready

By david horine • April 7, 2025
Spring is one of the best times to list your home—and first impressions matter more than ever. A sparkling clean, clutter-free home helps potential buyers envision themselves living in your space. Whether you're preparing for showings or staging photos, a thorough spring cleaning can boost your home’s appeal and possibly its value. 

Why April is a Prime Time to List Your Home in 2025

By david horine • March 31, 2025
Spring has long been the busiest season for the real estate market, and 2025 is no different. April, specifically, is an excellent month for homeowners who are thinking of selling their homes. Here's why listing your home this April might be a smart decision.​

Common Home Inspection Issues to Watch for in 2025

By david horine • March 24, 2025
Purchasing a home is a significant investment, and a thorough home inspection is crucial to ensure you're making a sound decision. In 2025, homebuyers should be particularly vigilant about certain issues that frequently arise during inspections. Being aware of these potential problems can help you navigate negotiations effectively and secure a fair deal.

Staging with Curb Appeal

By TONI LEFLER • March 19, 2025
What are the benefits of staging your home prior to putting it on the market? “Staging” is the process of preparing (packaging) your home (product) so that it becomes substantially more attractive to a greater number of buyers. We know what to do if we have a car for sale - clear out all your personal stuff, detail the inside, wash and wax the exterior, place an ad on the Internet, then present it to buyers. Why would we do anything less for one of the biggest investments most of us make, which has a greater return on our money?

St Lucie Latest Market Report

By david horine • March 19, 2025
St. Lucie Real Estate Market Update: Trends & Insights The St. Lucie real estate market is seeing significant changes, posing opportunities as well as challenges for both buyers and sellers. 9.5% sales growth in single-family homes reflect strong demand. Yet, prices are stabilizing, with the median sale price down -1.6% and the average sale price down by a mere -0.2%. Inventory has expanded by 36.3%, giving buyers a greater selection, but it is taking longer to sell the homes, with the median time to contract up 52.9%. This change indicates buyers have greater leverage, while sellers must compete on prices to secure offers. In the townhouse and condo market, closed sales have also risen 9.6%, but price trends show a move towards buyers. The median sale price has fallen marginally by -0.5% and the average sale price has fallen more substantially by -14.5%, making the properties more price-friendly. Inventory has increased by 36.6%, providing buyers with more choice and flexibility. Yet, houses are remaining 53.5% longer on the market before going under contract, suggesting sellers need to lower their expectations and realign their marketing strategies. Overall, the St. Lucie market is shifting toward a more balanced or buyer-friendly market. With higher inventory and longer selling periods, sellers need to be clever with pricing and presentation, while buyers can enjoy more options and improved negotiation. If you're considering buying or selling, now is the time to reach out to a local professional to help you navigate these shifts effectively. Reach out today to get started!

Martin Latest Market Report

By david horine • March 19, 2025
Martin County Real Estate Market Insights The real estate market in Martin County continues to report robust growth and rising property value. For 2025, the single-family detached residence market recorded 115 closed transactions, a 7.5% rise from the previous year. The median selling price increased to $619,000, a rise of 8.6%, and the average selling price jumped 22.5%, to $1,253,871. Cash deals are still big, with 56 properties bought in cash, up 7.7% from 2024. Sales dollar volume zoomed to $144.2 million, 31.7% higher on a year-on-year basis, highlighting the aggressive demand in the region. The median time to buy went up slightly to 52 days, and the median time to sell increased to 92 days. Inventory levels also rose sharply, with active listings increasing by 40.3% to 892 homes. New listings, on the other hand, increased by 28%, with 325 new homes entering the market. In spite of these gains, new pending sales increased by a marginal 4.1%, while pending inventory increased by 2%, reflecting a consistent stream of transactions. The inventory month supply also grew to 5.4 months, up 38.5%, reflecting a movement toward a balanced market. With increasing costs and growing inventory, Martin County is still a market that both buyers and sellers want to be in. If you are looking to purchase or sell a house within the area, now is the perfect time to seek out your opportunities. Call Now!
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