MIAMI — Palm Beach County total home transactions, single-family and condo sales increased year-over-year, according to December 2025 statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS).
Palm Beach County total home sales increased 26.2% year-over-year; single-family rose 22.97% and condo sales increased 31.19%.
“Palm Beach County total home sales have increased for four consecutive months and total dollar volume topped $2.1 billion for a single month,” JTHS-MIAMI President Jaime Kriske said. “Nicknamed the Wall Street of the South, Palm Beach County continues to attract hedge funds, firms and homebuyers from high-taxed, high-density states.”
South Florida market fundamentals point to more growth in 2026:
- Rising Population: Florida gains a new taxpayer every two minutes. California loses a taxpayer every minute via the National Taxpayer Union Foundation
- Job Growth: Over the six-year period from August 2019 through August 2025, the Miami MSA saw a cumulative 9.5% increase in non-farm employment compared to 5.5% nationally.
- Rising Multifamily Permits: Miami ranks No. 7 in the U.S. in multifamily permits via Miami had 10,695 multifamily units permitted year-ending August 2025, a year-over-year increase of 43.9%.
- Rising Wealth Migration: Out-of-state job movers typically earn more in the destination job in the Miami Metro Area than in-state job switchers, led by job movers from Washington ($190,656), and California ($186,004) in 2024 Q2 (latest data)
Palm Beach County Total Sales & $1M and Up Home Sales Rise
Total Palm Beach County sales increased 26.2% year-over-year in December 2025, from 1,686 to 2,127.
Palm Beach County single-family $1M and up home sales increased 36% year-over-year in December 2025, from 228 to 311. Palm Beach County $1M and up condo sales increased 61.22% year-over-year in December 2025, from 49 to 79.
The sales total doesn’t include South Florida’s new construction, pre-construction and condo conversion sales because they are largely not reported in the MLS. But MIAMI led the charge to publish two new construction reports.
International buyers purchased 49% of new South Florida construction, pre-construction and condo conversion sales over an 18-month period ending in July 2025, according to MIAMI REALTORS® first-ever New Construction Global Sales Report in collaboration with industry leaders.
Our second New Construction Global Sales Report, published in November 2025, showed an increase in global sales and buyers from 73 countries, according to the MIAMI REALTORS® November 2025 Global Sales Report in collaboration with industry leaders.
Palm Beach County Single-Family Home and Condo Sales Increase
Palm Beach County single-family home sales increased 22.97% year-over-year in December 2025, from 1,032 to 1,269.
Palm Beach County existing condo sales increased 31.19% year-over-year in December 2025, from 654 to 858
The lack of Federal Housing Administration loans for many existing Miami condominium buildings is preventing further market strengthening. Of the 2,397 condominium buildings in Miami-Dade, Broward and Palm Beach counties, only 21 are approved for FHA loans, according to statistics from the U.S. Department of Housing and Urban Development.
Just 0.9% of South Florida condo buildings are approved for FHA loans. Florida is the only state in the U.S. that requires a client to put down 25% for a limited review if the condo building doesn’t have enough in reserves. The requirement for every other state is 10%.
Palm Beach County Median Prices
Palm Beach County single-family home median sale prices increased 1.61% year-over-year in December 2025, from $622,500 to $632,500.
Palm Beach County condo prices decreased 6.46% year-over-year from December 2015 to December 2025, from $317,500 to $297,000.
Miami’s surging multifamily market and the Florida Live Local Act should boost affordability in the future. Miami ranks No. 7 in the U.S. in multifamily permits via RealPage. Miami had 10,695 multifamily units permitted year-ending August 2025, a year-over-year increase of 43.9%. This is important because it adds more overall housing/apartment supply to a city, creates more affordability and adds to Miami’s economic growth.
Florida’s Live Local Act, which was passed in 2023 and amended in May 2024, is encouraging developers to build more affordable housing. The Live Local Act gives developers the highest density allowed in a local area if they allocate 40% of its units for affordable housing. The state law defines an affordable unit as being at or below 120% of an area’s median income.
Miami remains a bargain in comparison to other global cities. For $1M, homebuyers can purchase 58 square meters of prime property in Miami, according to the 2025 Knight Frank Wealth Report. That is almost four times more than Monaco (19 square meters), nearly two times more than New York (34) and London (34) and more than Paris, Sydney, Tokyo and more.
South Florida Real Estate Home Equity & Appreciation is Nearly 2X the National Figure
Home equity is crucial for wealth building, provides a financial safety net, investment opportunities, refinancing options and more.
Miami’s home equity gains are nearly two times the national figure. Home equity gains on a Miami single-family home purchased in Q4 2009 and sold in Q4 2024 is $555,900 versus the U.S. average at $306,600, according to MIAMI REALTORS® Research.
Home equity gains on a Miami condo purchased in Q4 2009 and sold in Q4 2024 is $342,600 versus the U.S. average of $252,000.
Over the last five years, the average homeowner’s wealth has increased by $140,900, according to NAR. Research also shows a growing wealth gap between owners and renters: Based on the latest Federal Reserve Survey of Consumer Finance, NAR projected in March that homeowners’ median net worth would reach $430,000 in 2025 versus $10,000 for renters.
Mortgage Rates Declining
Mortgage rates, which were above 7% at the start of 2025, are trending down after the third Fed rate cut of the year in December 2025. According to Freddie Mac, the 30-year fixed-rate mortgage was 6.19% in December 2025.
“Bolstered by declining mortgage rates, Southeast Florida’s housing market finished strong in December 2025, with both single-family and condominium sales up a remarkable 14% from one year ago,” MIAMI REALTORS® Chief Economist Gay Cororaton said. “This momentum is likely to pick up further in 2026, leading to heightened buyer competition and higher prices as demand intensifies.”
Total Palm Beach County Inventory Below Pre-Pandemic; New Listings Drop
New listings are trending down and active listings are not growing as fast as they were at the start of the year.
Total active listings at the end of December 2025 decreased 4.9% year-over-year, from 12,924 to 12,295. Homebuyers are in a great position to find the right home and negotiate for a better price.
Inventory of single-family homes decreased 4.74% year-over-year in December 2025 from 5,637 active listings last year to 5,370 last month.
Condominium inventory decreased 4.97% year-over-year in December 2025, from 7,287 to 6,925 listings during the same period in 2024, but the total is still significantly below pre-pandemic.
Months’ supply of inventory for single-family homes is 4.6 months, which indicates a seller’s market. Inventory for existing condominiums is 8.5 months, which indicates a balanced market. A balanced market between buyers and sellers offers between six- and nine-months supply.
Nationally, total housing inventory is 1.18 million units, according to NAR. That is up 3.5% from December 2024 (1.14million). There is 3.3-month supply of unsold inventory, up from 4.2 months in December 2024.
Palm Beach County Real Estate: $274 Million in Local Economic Impact
Every time a home is sold it impacts the economy: income generated from real estate industries (commissions, fees and moving expenses), expenditures related to home purchase (furniture and remodeling expenses), multiplier of housing related expenditures (income earned as a result of a home sale is re-circulated into the economy) and new construction (additional home sales induce added home production).
The total economic impact of a typical Florida home sale is $129,000, according to NAR. Palm Beach County sold 2,127 homes in December 2025 for a local economic impact of $274 million.
Palm Beach County total dollar volume increased 51.81% year-over-year in December 2025 to $2.1 billion.
Single-family home dollar volume increased 56% year-over-year to $1.7 billion. Condo dollar volume increased 36% year-over-year to $421 million.
Palm Beach County Distressed Sales Remain at Historic Lows, Reflecting Healthy Market
Only 0.9% of all closed residential sales in Palm Beach County were distressed last month, including REO (bank-owned properties) and short sales.
Short sales and REOs accounted for 0.6% and 0.2%, respectively, of total Palm Beach County sales in December 2025.
National and State Statistics
In Florida, closed sales of single-family homes statewide totaled 22,007 in December 2025, up 5.9% year-over-year, while existing condo-townhouse sales totaled 7,911 up 10.4%.
The statewide median sales price for single-family existing homes was $415,000, even year-over-year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $310,000, down 1.6% vs. last year. The median is the midpoint; half the homes sold for more, half for less.
Nationally, total existing home sales increased 5.1% year-over-year to a seasonally adjusted annual rate of 4.35 million, according to NAR. Median existing home prices increased to $405,400, up 0.4% from one year ago ($403,700) – the 30th consecutive month of year-over-year price increases.
Palm Beach County Real Estate Attracting Near List Price
The median percent of original list price received for single-family homes was 94% in December 2025. The median percent of original list price received for existing condominiums was 91%.
The median number of days between listing and contract dates for Palm Beach County single-family home sales was 45 days, up from 41 days last year. The median time to sale for single-family homes was 83 days, even with last year.
The median number of days between the listing date and contract date for condos was 63 days, up from 55 days. The median number of days to sale for condos was 99 days, up from 91 days.
Palm Beach County Cash Sales More than National Figure
Cash sales represented 49.9% of Palm Beach County closed sales in December 2025, compared to 49.5% in December 2024. About 27% of U.S. home sales are made in cash, according to the latest NAR statistics.
Cash buyers are not deterred by rising rates. The high percentage of cash buyers reflects South Florida’s top position as the preeminent American real estate market for foreign buyers, who tend to purchase with all cash as well as some moving from more expensive U.S. markets who can buy more with their profits from real estate sales.
Cash sales accounted for 62.7% of all Palm Beach County existing condo sales and 41.3% of single-family transactions.
To access December 2025 Palm Beach County Statistical Reports, visit http://www.SFMarketIntel.com
Note: Statistics in this news release may vary depending on reporting dates. MIAMI reports exact statistics directly from its MLS system.
About the MIAMI Association of REALTORS®
The MIAMI Association of REALTORS® (MIAMI) was chartered by the NATIONAL ASSOCIATION OF REALTORS® in 1920, and is celebrating 106 years of service to REALTOR® members, the buying and selling public, and the communities in South Florida. Composed of six boards: MIAMI- RESIDENTIAL, MIAMI- COMMERCIAL; BROWARD-MIAMI, a division of MIAMI REALTORS®; JTHS-MIAMI, a division of MIAMI REALTORS® in the Jupiter-Tequesta-Hobe Sound area; MIAMI YPN, our Young Professionals Network Council; and the Corporate Board of Directors. MIAMI REALTORS® represent 58,000 total real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local REALTOR® association in the U.S. and has official partnerships with 299 international organizations worldwide. MIAMI’s official website is www.MiamiRealtors.com
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