According to new data from the Miami Association of Realtors, Palm Beach County residential real estate market experienced a notable slowdown in April 2025. Total residential sales declined 9.4% year-over-year, falling from 2,568 transactions in April 2024 to 2,326 this year.
Single-family home sales dipped 5.28% year-over-year, from 1,402 to 1,328, while existing condominium sales fell even more sharply, down 14.41% from 1,166 to 998 transactions.
Median prices also saw modest declines. The median sale price for single-family homes edged down 0.77% to $645,000, compared to $650,000 a year ago. Condo prices saw a more significant drop of 5.88%, from $340,000 to $320,000…