June 2026 Palm Beach, Florida Market Update: Prices Hold Strong

By Raymond Fernandez

Originally from New York, I relocated my family to South Florida 20 years ago. Knowing that we wanted to live in Florida but not where exactly, we did a thorough investigation of the entire State and consider ourselves fortunate that we decided on the exact right place for us.... South Florida.

If you’ve been trying to make sense of the Palm Beach, Florida market lately, the latest numbers are in, and they tell a pretty clear story. Let’s talk about what is actually happening right now with single-family homes here in Palm Beach, Florida.

Start with closed sales. We had 1,376 homes close in April, up 3.6% from this time last year. Buyers are still very much active in this market. The dollar volume behind those sales was a whopping $1.8 billion, a 12% jump year-over-year.

So not only are more homes selling, they are selling at strong prices, and the big luxury homes are going fast.

The price story is the one to watch. If you go back to January 2020, right before the pandemic, the median price for a single-family home here was right around $360,000. Fast forward to today, April 2026, the last numbers released, and we’re sitting at $650,000. That’s nearly double in the last six years.

Now, you’ll notice prices did reach a peak closer to $700,000 earlier this year, and we have actually come back a touch. That’s normal and healthy. We’re still well above the long-term trend line, and prices are up 0.8% from a year ago, holding steady and strong. If you bought here anytime in the last few years, congratulations. You’re in a positive equity position and looking very good.

Active inventory is currently 5,303 homes, down 18% from last year. So while you may feel there is more to look at, we actually have significantly fewer homes available than last April. New listings came in at 1,691, down 8% year-over-year.

Fewer sellers are coming to the market, which continues to put upward pressure on prices. But here is what is exciting. New pending sales jumped 17% to 1,559. Buyers are making moves. Demand is real and accelerating.

So what does all of this mean for you?

If you’re a seller, inventory is tight, demand is up, and prices are holding strong, which makes this a good time to list your home. If you’re a buyer, yes, competition exists, but the long-term price trend here in Palm Beach, Florida, is undeniable, and waiting has historically cost buyers money.

Either way, I’m here to help you work through it. If you’re not sure what to do, reach out. Call or text me at (561) 781-7821, or email me at info@livinginpalmbeachfl.com. You can see more market updates anytime at blog.livinginpalmbeachfl.com.