Palm Beach County Market Update
Palm Beach County Real Estate: May 2025 vs. May 2024 – What’s Changed?
Single-Family Home Market
📈 Closed Sales: 1,334 (▼ 7.3%)
💲 Median Sale Price: $640,000 (▼ 0.8%)
🏠 Asking Price Received: 93.2% (▼ 1.0%)
⏳ Median Days to Contract: 42 days (▲ 7.7%)
📦 Inventory Growth: 6,391 active listings (▲ 25.1%)
📊 Supply: 5.8 months (▲ 31.8%)
Condo & Townhome Market
📉 Closed Sales: 941 (▼ 17.0%)
💲 Median Sale Price: $330,000 (▼ 2.9%)
🏠 Asking Price Received: 90.1% (▼ 3.6%)
⏳ Median Days to Contract: 60 days (▲ 36.4%)
📦 Inventory Growth: 8,080 active listings (▲ 22.1%)
📊 Supply: 10.2 months (▲ 45.7%)
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Source: Beaches MLS: Broward, Palm Beaches & St. Lucie Realtors
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Broward County Market Update
Broward County Real Estate: May 2025 vs. May 2024 – What’s Changed?
Single-Family Home Market
📈 Closed Sales: 1,110 (▼ 11.1%)
💲 Median Sale Price: $625,000 (➖ 0.0%)
🏠 Asking Price Received: 94.8% (▼ 1.8%)
⏳ Median Days to Contract: 38 days (▲ 31.0%)
📦 Inventory Growth: 5,862 active listings (▲ 34.5%)
📊 Supply: 5.9 months (▲ 37.2%)
Condo & Townhome Market
📉 Closed Sales: 1,014 (▼ 24.0%)
💲 Median Sale Price: $275,000 (▼ 2.5%)
🏠 Asking Price Received: 91.8% (▼ 2.0%)
⏳ Median Days to Contract: 65 days (▲ 44.4%)
📦 Inventory Growth: 12,097 active listings (▲ 36.5%)
📊 Supply: 12.5 months (▲ 64.5%)
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Source: Beaches MLS: Broward, Palm Beaches & St. Lucie Realtors
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As we move into the heart of summer, both Palm Beach and Broward Counties are leaning further into buyer’s market territory—but this shift brings opportunity and strategy into sharper focus.
Inventory has surged again, with months of supply rising well above balanced-market conditions. This means more options for buyers, and tougher competition for sellers—a trend that’s sticking, not spiking.
Key Trends Across Palm Beach and Broward Counties:
📉 Pace Has Slowed Down
Fewer homes are closing and buyers aren’t rushing. With longer days on market and more active listings, buyers are browsing—and negotiating—on their own terms.
💲 Prices Are Slipping…Quietly
We're not seeing a crash—but we are seeing softness, especially in the condo market. Sellers who price with yesterday’s market in mind are sitting. Those who adapt are moving.
📦 Inventory Is Stacking Up
Between both counties, active listings jumped 20–35%+ year-over-year. That kind of inventory build creates leverage—but only if you know how to use it.
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Thinking about selling your home?
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The value of something is not measured by the seller—it's driven by market demand.
Discover your home's value using advanced data analytics from CoreLogic® and ATTOM. By combining CoreLogic®'s precise automated valuations designed specifically to help consumers better understand a home's value with ATTOM's multi-sourced property insights, covering 99% of the U.S. population, we provide you with an accurate home value estimate.
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ATTENTION HOUSE HUNTERS!
Florida Hometown Heroes Housing Program Is Back!
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Good News Stathi,
🚨 Good news—Florida's Hometown Heroes loan program is back (July launch expected), offering up to 5% of your first mortgage (max $35K) toward down payment and closing costs!
Who’s Eligible?
- First-time homebuyers, or active/veteran military, teachers, healthcare workers, firefighters, law enforcement, childcare staff, court personnel, and more.
Loan details:
- 0% deferred second mortgage over 30 years—no payments until refinance, sale, or move.
Credit & income requirements:
- Minimum FICO 640 (or 660 for manufactured homes), maximum debt-to-income up to ~50%, household income 120–150% of county median (e.g. around $160K in Palm Beach).
Extra:
- No origination fees; applicants must complete a HUD-approved homebuyer education course.
FAQ Highlights:
Is the program a grant?
- No—it’s a loan, repayable upon sale, refinance, or move.
Can I get 100% financing?
- Yes—for FHA, VA, USDA, or conventional loans when combined with the Hometown Heroes assistance.
Are funds always guaranteed?
- No. The $50 M funding may run out during the year—timing is key!
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Thinking about buying a home?
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Hello Stathi,
We are now offering a Home Buyer Essentials program where homebuyers can earn $1000 credit for taking a budget class and a credit class to get into your home!
| | Exclusive Investment Deals Now Available! | | |
Big News –
I’ve officially partnered with Smart Money Collective a powerhouse group of Florida investors, giving me direct access to off-market, income-generating opportunities across the state.
From fix-and-flip gems to portfolio-building rentals, I now have a pipeline of deals at prices you won’t find anywhere else.
These opportunities are exclusive, time-sensitive, and perfect for serious investors ready to grow.
👇 Check out this week’s hand-picked deals below 👇
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REDUCED VIP Deal - 3/2 SFH in Wilton Manors, FL!
This 3-bedroom, 2-bath home sits on a spacious 8,754 sqft lot with 1,248 sqft of living space. Features include a Florida room, carport, updated kitchen, impact windows and doors, and newer AC (approx. 5 years old).
Electrical panels have been updated.
Note: a wall will need to be added to recreate the third bedroom—seller previously enlarged one room by removing it.
Strong upside with minimal work in a desirable location.
REDUCED Asking price: $495,000
ARV: $770,000
Call or Text 856-275-3518 for more info..
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VALUE-ADD or FIX & FLIP DEAL – 3/1 SFH in Deerfield Beach, FL!
This 3-bedroom, 1-bath single-family home offers 1,356 sqft of living space. The property is clean but outdated, featuring impact windows, a 10-year-old roof, and a free and clear title.
To maximize value, adding a second bathroom is recommended—comparable homes in the area are selling up to $440,000
(3/1 SFH at 650 SW 11th Drive, Deerfield Beach, FL,
sold at $440,000).
Estimated Market Rent: $2,800/month
Asking Price: $309,900
Strong upside for a light renovation in a desirable location.
Call or Text 856-275-3518 for more info..
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Whisper Walk 55+
18538 Breezy Palm Way
Boca Raton, FL 33496
Price Reduction:
$379,000
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Coral Lakes 55+
12560 Via Valenza
Boynton Beach, FL 33436
Price Reduction:
$560,000
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Deerfield Beach
333 NE 19th Avenue 202, Deerfield Beach, FL 33441
Waterfront:
$379,000
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Stathi Kakiousis
Experience Excellence in South Florida Real Estate
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