Palm Beach County Monthly Market Report - March March 2025 | Page 6

Monthly Market Detail- March 2025 Single-Family Homes Palm Beach County

Median Time to Contract

The median number of days between the listing date and contract date for all Closed Sales during the month
Economists ' note: Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and / or declining numbers of cash sales.
Month
Median Time to Contract
Percent Change Year-over-Year
Year-to-Date
49 Days
22.5 %
March 2025
43 Days
22.9 %
February 2025
50 Days
31.6 %
January 2025
42 Days
10.5 %
December 2024
41 Days
41.4 %
November 2024
37 Days
54.2 %
October 2024
45 Days
114.3 %
September 2024
42 Days
75.0 %
August 2024
40 Days
66.7 %
July 2024
35 Days
59.1 %
June 2024
35 Days
34.6 %
May 2024
39 Days
44.4 %
April 2024
37 Days
23.3 %
March 2024
35 Days
12.9 %
Median Time to Contract
60 50 40 30 20 10 0
2021 2022 2023 2024
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

Median Time to Sale

The median number of days between the listing date and closing date for all Closed Sales during the month
Economists ' note: Time to Sale is a measure of the length of the home selling process, calculated as the number of days between the initial listing of a property and the closing of the sale. Median Time to Sale is the amount of time the " middle " property selling this month was on the market. That is, 50 % of homes selling this month took less time to sell, and 50 % of homes took more time to sell. Median Time to Sale gives a more accurate picture than Average Time to Sale, which can be skewed upward by small numbers of properties taking an abnormally long time to sell.
Month
Median Time to Sale
Percent Change
Year-over-Year
Year-to-Date
89 Days
9.9 %
March 2025
83 Days
9.2 %
February 2025
89 Days
14.1 %
January 2025
83 Days
1.2 %
December 2024
83 Days
22.1 %
November 2024
82 Days
28.1 %
October 2024
87 Days
35.9 %
September 2024
85 Days
26.9 %
August 2024
81 Days
15.7 %
July 2024
80 Days
21.2 %
June 2024
80 Days
9.6 %
May 2024
84 Days
12.0 %
April 2024
80 Days
8.1 %
March 2024
76 Days
4.1 %
Median Time to Sale
100 80 60 40 20 0
2021 2022 2023 2024
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.