August 2025 reports have been released detailing recent real estate activity in Palm Beach County and surrounding areas.
PALM BEACH COUNTY
Palm Beach County’s housing market continued its gradual shift in August, with closed sales declining 5.3% year-over-year to 1,330 transactions (down from 1,405 in August 2024). Meanwhile, active listings increased by 11.6%, reaching 6,156 homes and raising the months’ supply of inventory to 5.8, continuing the trend toward a more balanced, buyer-friendly environment. The median sale price held steady at $640,000, unchanged from a year ago, reflecting overall price stability despite fewer transactions. Homes are also taking longer to sell: the median time to sale rose 8.7% to 88 days, giving buyers more time and leverage in the decision-making process. Additionally, cash sales declined by 9.5%, signaling a shift toward more traditional, mortgage-financed buyers.
MARTIN COUNTY
Martin County’s housing market softened slightly in August, with closed sales falling 10.5% year-over-year to 171 transactions (down from 191 in August 2024). At the same time, active listings continued to climb, rising 14.4% to 1,034 homes, contributing to a 6.8-month supply of inventory, an environment that increasingly favors buyers. The median sale price dipped 3.3% year-over-year to $590,000, reflecting adjustments in seller expectations and buyer purchasing power. Meanwhile, homes are taking longer to sell, with a median time to sale of 98 days, up 14% compared to last year. Cash sales also declined by 11.4%, pointing to a growing pool of mortgage-backed buyers entering the market.
ST. LUCIE COUNTY
St. Lucie County’s housing market showed signs of consistency in August, with closed sales unchanged year-over-year at 555 transactions, identical to August 2024. Meanwhile, active listings rose 9.4%, reaching 2,641 homes, and pushing the months’ supply of inventory up to 5.9, giving buyers more selection and time to make confident decisions. The median sale price remained flat at $400,000, holding steady with last year’s levels. However, homes are taking slightly longer to sell: the median time to sale increased 4.6% to 91 days. Cash sales dropped 13.5%, reflecting a rise in mortgage-backed transactions and a more traditional buyer pool.
BROWARD COUNTY
Broward County’s housing market remained relatively stable in August, with closed sales holding steady year-over-year at 1,078 transactions (a slight dip from 1,081 in August 2024). Meanwhile, active listings continued to rise, increasing 15.5% to 5,846 homes, pushing the months’ supply of inventory up to 5.8. The median sale price was unchanged from last year, holding firm at $625,000, while homes are spending more time on the market. The median time to sale rose 11.1% to 80 days. Cash sales declined by 14.2%, a sign that more buyers are financing their purchases and shopping more carefully.
CERTIFIED PROBATE REAL ESTATE SPECIALIST
Probate is a legal process that occurs after someone passes away, where the deceased person’s assets, including real estate, are distributed to heirs or beneficiaries. Probate real estate services in Florida are crucial for efficiently managing and selling properties involved in the probate process. Dick Sheehan is a Certified Probate Real Estate Specialist with over 43 years of experience as a Broker/CEO in Palm Beach County and Southeast Florida. Click here to learn more.