Monthly Market Detail- March 2025 Townhouses and Condos Palm Beach County
Summary Statistics |
March 2025 |
March 2024 |
Percent Change Year-over-Year |
Closed Sales Paid in Cash
954 997-4.3 % 616 650-5.2 %
Median Sale Price $ 310,000
$ 330,000-6.1 %
Average Sale Price Dollar Volume
$ 558,500 $ 529,646 5.4 % $ 532.8 Million $ 528.1 Million 0.9 %
Median Percent of Original List Price Received
91.4 % 93.6 %-2.4 %
Median Time to Contract 64 Days 41 Days 56.1 %
Median Time to Sale |
100 Days |
77 Days |
29.9 % |
New Pending Sales New Listings
1,070 1,945
1,201-10.9 %
1,870 4.0 %
Pending Inventory 1,498 Inventory( Active Listings) 8,471 Months Supply of Inventory 10.3
1,842-18.7 % 6,496 30.4 % 6.8 51.5 %
Closed Sales
The number of sales transactions which closed during the month
Economists ' note: Closed Sales are one of the simplest— yet most important— indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales( and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes( i. e. comparing a month ' s sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.
Month |
Closed Sales |
Percent Change
Year-over-Year
|
Year-to-Date |
2,280 |
-3.6% |
March 2025 |
954 |
-4.3% |
February 2025 |
685 |
-6.9% |
January 2025 |
641 |
1.3 % |
December 2024 |
654 |
-18.4% |
November 2024 |
584 |
-25.2% |
October 2024 |
742 |
-18.9% |
September 2024 |
696 |
-24.8% |
August 2024 |
858 |
-19.5% |
July 2024 |
880 |
-6.9% |
June 2024 |
868 |
-27.9% |
May 2024 |
1,134 |
-13.8% |
April 2024 |
1,166 |
-1.1% |
March 2024 |
997 |
-25.3% |
2,500
2021 2022 2023 2024
Closed Sales
2,000 1,500 1,000
500
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, April 24, 2025. Next data release is Thursday, May 22, 2025.