Palm Beach County Monthly Market Report - May May 2025 | Page 16

Median Time to Contract
Median Time to Sale
Monthly Market Detail- August 2025 Townhouses and Condos 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
74 Days
51.0 %
August 2025
74 Days
45.1 %
July 2025
70 Days
45.8 %
June 2025
61 Days
32.6 %
May 2025
60 Days
36.4 %
April 2025
55 Days
31.0 %
March 2025
64 Days
56.1 %
February 2025
66 Days
50.0 %
January 2025
62 Days
77.1 %
December 2024
55 Days
77.4 %
November 2024
52 Days
52.9 %
October 2024
52 Days
67.7 %
September 2024
54 Days
63.6 %
August 2024
51 Days
82.1 %
80
2021 2022 2023 2024 2025
60
40
20
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

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
118 Days
32.6 %
August 2025
112 Days
28.7 %
July 2025
110 Days
25.0 %
June 2025
100 Days
12.4 %
May 2025
101 Days
18.8 %
April 2025
93 Days
10.7 %
March 2025
100 Days
29.9 %
February 2025
102 Days
22.9 %
January 2025
100 Days
28.2 %
December 2024
91 Days
30.0 %
November 2024
90 Days
23.3 %
October 2024
89 Days
25.4 %
September 2024
91 Days
16.7 %
August 2024
87 Days
22.5 %
120 100 80 60 40 20 0
2021 2022 2023 2024 2025
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.