Here’s a quick update on the West Palm Beach housing market. Homes are selling at a similar pace as last year. The number of homes available and sold has increased, giving buyers more options.
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How July home sales, prices fared in your part of Florida
Florida home sales rose for the 11th consecutive month in July, with single-family home sales up 5.1% and condo/townhouse sales up 11.0% statewide. Sales increases varied by metro area; Panama City led with a 23% rise in single-family home sales, while The Villages saw a 145.8% jump in condo/townhouse sales. Median prices generally increased, though some areas experienced declines in sales or prices.
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Arizona vs. Florida: Two different growth stories for real estate investors
Arizona's real estate growth is driven by a booming semiconductor industry with massive investments and high-wage jobs, especially near Phoenix and Chandler. However, its water supply from the Colorado River is shrinking, posing long-term risks. Florida's growth is fueled by diverse migration, retirees, and tourism, but faces flood and storm risks impacting insurance and development. Investors must weigh Arizona's concentrated industrial boom and water challenges against Florida's diversified growth and climate-related costs.
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Florida Housing Shows Signs of Recovery
Florida was among the first states to see housing weakness, and it has now begun showing recovery signs as market conditions started improving.
A key Florida signal was inventory moving lower, a shift that can point to firmer buyer absorption and a market starting to stabilize.
The analysis also pointed to homebuilder backlogs increasing again in Florida, suggesting builders were seeing stronger demand visibility than during the earlier slowdown.
Labor trends also helped the Florida outlook, with job growth starting to turn upward and goods-producing employment turning positive after 2025 in context.
That backdrop mattered because an expert suggested central bank officials could soon recognize wider pressures on growth and inflation around Florida's recovery picture. -
Florida Housing Shows Recovery Signs
Florida was among the first states to see housing weakness, and it has now begun showing recovery signs as market conditions started improving.
A key Florida signal was inventory moving lower, a shift that can point to firmer buyer absorption and a market starting to stabilize.
The analysis also pointed to homebuilder backlogs increasing again in Florida, suggesting builders were seeing stronger demand visibility than during the earlier slowdown.
Labor trends also helped the Florida outlook, with job growth starting to turn upward and goods-producing employment turning positive after 2025 in context.
That backdrop mattered because an expert suggested central bank officials could soon recognize wider pressures on growth and inflation around Florida's recovery picture. -
South Florida FL Market Gains Momentum
South Florida stayed on the rise in 2026, with momentum building across key markets as tighter supply, not weak demand, remained the main constraint.
A low-6% mortgage range was described as market-stabilizing, and that steadier backdrop was presented as a reason prepared buyers may want to act.
South Florida's >$5M segment stood out most, with ~488 single-family listings currently available, ~43 monthly home sales, and condo sales averaging ~20 monthly.
Across South Florida, ~4.5K homes were for sale currently; ~10% were priced >$5M, ~10% below $500K, showing why tighter supply can support values.
If supply stays low, prices face continued upward pressure, while the upcoming property tax referendum could influence how some owners think about moving. -
Happy Labor Day!
Labor Day in the United States celebrates the contributions of workers everywhere, while also unofficially marking the final big summer weekend before fall takes over.
It’s known for backyard barbecues, road trips, and that classic tradition of buying things you didn’t know you needed because “it’s on sale.”
Beaches, parks, and grills reach peak activity as everyone tries to squeeze every last drop of summer fun out of the long weekend.
Happy Labor Day! Wishing you a fun, easygoing weekend filled with good vibes, great food, and absolutely no thoughts about Monday. -
Fla.’s Housing Market: Closed Sales and New Pending Sales Rise in July
Florida's housing market showed growth in July 2026 with closed sales of single-family homes up 5.1% and condo-townhome sales up 11% year-over-year. New pending sales also increased, marking over a year of consecutive gains. The median price for single-family homes rose 3.7% to $425,000, while condo-townhome prices remained steady at $295,000. Inventory levels were 4.5 months for single-family homes and 7.8 months for condos. Buyers are returning despite mortgage rates remaining high.
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West Palm Beach building boom: Numerous projects already under construction or approved
A citizen group in West Palm Beach is tracking 67 development projects, including over 20 under construction and 14-16 approved but not yet started, many of which are high-rises exceeding 20 stories. The group proposes a two-year pause on new major development requests to assess the impact on traffic and infrastructure. The city has not taken a position but recently imposed a six-month pause on waterfront developments.
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