Palm Beach County Monthly Market Report - May May 2025 | Page 22

Median Time to Contract Median Time to Contract
Monthly Market Detail- February 2026 Townhouses and Condos Palm Beach County

Median Time to Contract by Sale Price

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.
Sale Price
Median Time to Contract
Percent Change Year-over-Year
Less than $ 200,000 67 Days-18.3 % $ 200,000- $ 299,999 69 Days 15.0 % $ 300,000- $ 399,999 63 Days 37.0 % $ 400,000- $ 499,999 89 Days 21.9 % $ 500,000- $ 599,999 75 Days 13.6 % $ 600,000- $ 699,999 72 Days-25.8 % $ 700,000- $ 799,999 50 Days 100.0 % $ 800,000- $ 899,999 15 Days-58.3 % $ 900,000- $ 999,999 41 Days-52.9 % $ 1,000,000 or more 78 Days 1.3 %
120
February 2025 February 2026
120
100
100
80
80
60
60
40
40
20
20
0
Less than $ 200,000
$ 200,000- $ 299,999
$ 300,000- $ 399,999
$ 400,000- $ 499,999
$ 500,000- $ 599,999
$ 600,000- $ 699,999
$ 700,000- $ 799,999
$ 800,000- $ 899,999
$ 900,000- $ 999,999
$ 1,000,000 or more
0

Million Dollar Spotlight

Median Time to Contract by Sale Price for properties selling for $ 1,000,000 or more
140 120 100 80
60
40 20 0 $ 1,000,000- $ 1,249,999
February 2025 February 2026
$ 1,250,000- $ 1,499,999
$ 1,500,000- $ 1,999,999
$ 2,000,000- $ 2,999,999
Sale Price
Median Time to Contract
Percent Change Year-over-Year
$ 1,000,000- $ 1,249,999 107 Days 57.4 % $ 1,250,000- $ 1,499,999 67 Days 1.5 % $ 1,500,000- $ 1,999,999 87 Days 11.5 % $ 2,000,000- $ 2,999,999 81 Days-30.8 % $ 3,000,000- $ 4,999,999 72 Days 1.4 % $ 5,000,000- $ 9,999,999 66 Days 8.2 % $ 10,000,000 or more( No Sales) N / A
$ 3,000,000- $ 4,999,999
$ 5,000,000- $ 9,999,999
$ 10,000,000 or more
140 120 100
80 60 40 20 0
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services. Statistics for each month compiled from MLS feeds on the 10th day of the following month. Data released on Monday, March 16, 2026. Next data release is Friday, April 17, 2026.