Market Report: North Palm Beach County, March 2025

North Palm Beach County

U.S. existing-home sales fell for the first time since September, slipping 4.9% month-over-month to a seasonally adjusted annual rate of 4.08 million units, according to the National Association of REALTORS® (NAR), as elevated home prices and higher interest rates continue to impact buyer activity. Despite the drop, sales were up 2% compared to the same period last year, marking the fourth consecutive monthly year-over-year increase.

New Listings increased 7.8 percent for Single Family homes and 1.0 percent for Townhouse/Condo homes. Pending Sales increased 0.3 percent for Single Family homes but decreased 10.5 percent for Townhouse/Condo homes. Inventory increased 15.2 percent for Single Family homes and 29.0 percent for Townhouse/Condo homes.

Median Sales Price increased 6.0 percent to $720,000 for Single Family homes and 4.5 percent to $350,000 for Townhouse/Condo homes. Days on Market increased 54.8 percent for Single Family homes and 48.7 percent for Townhouse/Condo homes. Months Supply of Inventory increased 19.2 percent for Single Family homes and 53.1 percent for Townhouse/Condo homes.

The limited number of properties for sale has continued to push home prices higher nationwide. At last measure, the national median existing- home price was $396,900, a 4.8% increase from one year earlier, with prices up in all four regions, according to NAR. Meanwhile, total housing inventory heading into February stood at 1.18 million units, up 3.5% month- over-month and 16.8% year-over-year, for a 3.5-month supply at the current sales pace.

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Jupiter Dream Life
Heather E Towe, PA
Assistant Broker, REALTOR®, CRS®, CLHMS®, e-PRO®, PSA®

Real Estate Services
Residential real estate representation in Palm Beach County and surrounding areas.

(561) 247-4474
hello@jupiterdreamlife.com

Licensed to sell real estate in Florida
Paradise Real Estate International