Palm Beach County Monthly Market Report - May May 2025 | Page 12

Closed Sales
Monthly Market Detail- August 2025 Townhouses and Condos Palm Beach County
Summary Statistics
August 2025
August 2024
Percent Change Year-over-Year
Closed Sales Paid in Cash
820 858-4.4 % 451 445 1.3 %
Median Sale Price $ 285,000
$ 315,000-9.5 %
Average Sale Price Dollar Volume
$ 424,191 $ 434,157-2.3 % $ 347.8 Million $ 372.5 Million-6.6 %
Median Percent of Original List Price Received
90.3 % 92.8 %-2.7 %
Median Time to Contract 74 Days 51 Days 45.1 %
Median Time to Sale
112 Days
87 Days
28.7 %
New Pending Sales New Listings
868 1,265
819 6.0 %
1,472-14.1 %
Pending Inventory 1,258 Inventory( Active Listings) 6,959 Months Supply of Inventory 9.0
1,236 1.8 % 6,286 10.7 % 7.1 26.8 %

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
August 2025
6,631
820
-8.8%-4.4%
July 2025
771
-12.4%
June 2025
821
-5.4%
May 2025
941
-17.0%
April 2025
998
-14.4%
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%
2,500
2021 2022 2023 2024 2025
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 A M J J A
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 Tuesday, September 23, 2025. Next data release is Thursday, October 23, 2025.