The real estate market in Palm Beach County is showing signs of trouble. That’s a major takeaway from the latest Elliman Report prepared by Miller Samuel Real Estate Consultants and Appraisers. While some segments look good, the overall numbers for sellers are bad — and REALLY bad if you’re trying to sell a condo in Palm Beach County.
While newly signed contracts are up a bit when it comes to houses (13.2-percent), newly signed contracts are down 43.8 percent for condominiums in Palm Beach County when comparing February of 2025 with February of 2024. And it’s not an anomaly in a specific price point. The drop is 46.7-percent for condos valued between $200k and $299k; 65-percent for condos valued between $300k and $399k; 69-percent for condos in the $400k to $599k price range, the drop is 47-percent for condos on the $600k to $999k price range, and 55-percent for condos valued between $1M and $2.99M. The year-to-year number of new contracts logged for condos valued between $3M and $4.99 dropped 8.3-percent.
