Palm Beach County's housing market just extended one of its longest winning streaks in recent memory. According to June 2026 statistics from MIAMI REALTORS® + RWorld (drawing on the MIAMI MLS and BeachesMLS), total home sales rose year-over-year for the 10th consecutive month — up a striking 22.3% compared to June 2025.
The strength was broad. Single-family transactions jumped 25%, condo sales rose 19%, and the ultra-luxury segment went into overdrive, with $1 million-and-up sales up 57% year-over-year. Here's the full picture and what it means whether you're buying, selling, or investing in Palm Beach County.
Sales Climbed Across Every Price Tier
Total Palm Beach County sales rose from 2,008 in June 2025 to 2,456 in June 2026. Single-family home sales increased 24.85% (1,187 to 1,482), and existing condo sales rose 18.64% (821 to 974). The luxury end led the way: sales of $1 million-plus homes climbed 57% (367 to 575).
As MIAMI REALTORS® + RWorld Chief Economist Gay Cororaton put it, the million-dollar segment "continued to outperform" — a signal, she said, of "the acceleration in wealth migration to South Florida." But this wasn't just a luxury story: condo sales in the $400,000–$500,000 range surged 21%, showing demand across the market.
Palm Beach County at a glance — June 2026 vs. a year ago
| Metric | June 2025 | June 2026 | Change |
|---|---|---|---|
| Total home sales | 2,008 | 2,456 | +22.3% |
| Single-family sales | 1,187 | 1,482 | +24.85% |
| Existing condo sales | 821 | 974 | +18.64% |
| $1M+ sales | 367 | 575 | +57% |
| Single-family median price | $626,000 | $700,000 | +11.82% |
| Condo median price | $315,000 | $325,000 | +3.17% |
| Total active listings | 13,929 | 10,998 | −21% |
Prices Keep Climbing as Inventory Tightens
The single-family median sale price rose 11.82% to $700,000, up from $626,000 a year earlier — and single-family prices are now up 211% since 2010. The condo median rose 3.17% to $325,000; condo prices have appreciated a remarkable 261% since 2010 (from $90,000).
A big driver is supply — or the lack of it. Total active listings fell 21% year-over-year, from 13,929 to 10,998. Single-family inventory dropped 23.6% and condo inventory fell nearly 19%. When supply shrinks like this, competition rises and prices tend to follow.
A Seller's Market for Houses, Balanced for Condos
Supply levels tell you who has the leverage. Single-family homes sat at just a 3.9-months' supply — firmly a seller's market (under six months favors sellers). Existing condos were at a 7.2-months' supply, which is considered balanced. So the dynamic depends heavily on what you're after: houses are competitive, while condo buyers have a bit more breathing room.
Homes are also selling close to ask. The median single-family home fetched 95% of original list price (condos, 93%), and single-family homes went under contract in a median of 42 days.
Palm Beach County: A Cash-Buyer Powerhouse
Few markets in America run on cash the way Palm Beach County does. Cash sales made up 49.5% of all closed sales in June 2026 (up from 47.3% a year earlier) — roughly double the national rate of about 25%. Cash accounted for a stunning 58.7% of condo sales and 43.5% of single-family transactions.
That reflects the county's magnetism for wealthy domestic transplants and international buyers, who often pay all cash. It's also why rising mortgage rates — the 30-year fixed averaged 6.49% in June 2026 per Freddie Mac — haven't slowed the top of the market: cash buyers simply aren't rate-sensitive.
"Palm Beach County is home to one of the world's top ultra-luxury markets, but its strength extends well beyond the high end. Buyers continue to find opportunities across the market."
Why the World Keeps Betting on Palm Beach County
- West Palm Beach ranked the No. 1 all-cash home-buying market in the U.S. (Redfin).
- Palm Beach ranked No. 3 in the world for prime-property price growth over the last five years (Knight Frank Wealth Report 2026).
- West Palm Beach ranked the No. 2 fastest-growing millionaire hub in America (USA Wealth Report 2025).
- For $1 million, buyers get about 58 square meters of prime property in South Florida — nearly four times more than Monaco and roughly double New York or London (Knight Frank 2026).
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One Headwind Worth Watching: Condo Financing
It's not all momentum. A persistent drag on the condo market is the scarcity of FHA-approved buildings. Of the 2,397 condominium buildings across Miami-Dade, Broward, and Palm Beach counties, only 21 — just 0.9% — are approved for FHA loans, according to HUD. That shuts many lower-down-payment buyers out of the condo market.
Change may be coming. Beginning Aug. 3, 2026, Fannie Mae and Freddie Mac are eliminating the "limited review" option for many condo loans — a shift expected to create a more transparent, financially secure lending environment over time, even if it adds friction in the short run. If you're buying or selling a condo, financing eligibility is worth checking early.
$316 million: June's local economic ripple
Every sale ripples through the local economy — commissions, moving costs, furniture, remodeling, and new construction. With a typical Florida home sale generating about $129,000 in economic impact (NAR), Palm Beach County's 2,456 June sales added roughly $316 million to the local economy. Total dollar volume rose 53.9% year-over-year to $2.7 billion.
The Bottom Line
Ten straight months of year-over-year gains is not a fluke — it's a trend. Palm Beach County enters the back half of 2026 with rising sales, climbing prices, tightening inventory, and a cash-rich buyer pool that keeps the market moving regardless of where rates sit. For sellers, especially of single-family homes, conditions are strong. For buyers, the message is to be prepared, be pre-positioned on financing, and move decisively when the right property appears.
As always, the county-wide numbers are a backdrop — your city, building, and price point are what actually determine your outcome. That's where a local broker earns their keep.
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Frequently Asked Questions
Total Palm Beach County home sales rose 22.3% year-over-year in June 2026, from 2,008 to 2,456 — the 10th consecutive month of year-over-year increases, per MIAMI REALTORS® + RWorld. Single-family sales rose about 25% and condo sales rose about 19%.
In June 2026, the median single-family sale price was $700,000, up 11.82% year-over-year, and the median existing-condo price was $325,000, up 3.17%. Single-family prices are up 211% since 2010, and condo prices are up 261%.
It depends on property type. Single-family homes had a 3.9-months' supply in June 2026, which is a seller's market. Existing condos had a 7.2-months' supply, which is considered balanced. Overall inventory fell 21% year-over-year, adding to buyer competition.
Cash made up 49.5% of June 2026 sales — about double the national rate — because South Florida attracts wealthy domestic transplants and international buyers who often pay all cash, plus owners relocating from pricier markets. Cash buyers are largely unaffected by rising mortgage rates.
Beginning Aug. 3, 2026, Fannie Mae and Freddie Mac are eliminating the limited-review option for many condo loans. Combined with very few FHA-approved buildings in South Florida, condo financing remains a key factor. Buyers and sellers should confirm a building's loan eligibility early in the process.
