Scott Selleck breaks down Palm Beach County's February 2026 real estate market for New Jersey buyers. Single-family home listings hit a historic low of 4,433, pushing median prices to $750,000, while condos offer more inventory and better negotiating power at a median of $321,800.
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If you're a New Jersey homeowner thinking about making the move to South Florida, one of the biggest questions I get is, what's really happening in the Palm Beach real estate market right now? Today I'm walking you through the latest February 2026 data. First, let's start with single-family homes. Compared to a normal market in 2019, Palm Beach County has far fewer homes available. Active listings dropped from 7,236 homes to about 4,433 today, which means buyers have fewer choices and competition remains strong. Supply has also tightened to roughly 5.2 months of inventory, which keeps the market relatively balanced but still competitive. The biggest headline is price growth. Back in 2019, the median home price in Palm Beach County was about $363,000. Today, the median price has climbed to around $750,000 for single-family homes. That dramatic shift is why many homeowners relocating from states like New Jersey still find strong value in South Florida. Homes are still selling, but the pace has normalized. Median days on market now sits around 75 days. Buyers are taking more time and sellers are negotiating slightly more, with homes selling at 92.7% of list price. Now let's talk about condos and townhomes, which are very popular with relocation buyers. Inventory has actually increased here. Inventory in that segment has risen to about 8.7 months of supply, giving buyers moving from New Jersey far more options. The median condo price is now roughly $321,800, and these homes are taking a bit longer to sell at 105 days. This means buyers moving to Florida often have more negotiating power in the condo market right now compared to houses. So what does all this mean if you're considering a move from New Jersey? It means the Palm Beach market is no longer a wild frenzy, but it still has strong long-term demand. Single-family homes remain competitive while condos offer better opportunities for value. Understanding these differences is absolutely key when you are planning your personal relocation strategy. If you're thinking about positioning from New Jersey to South Florida and want a clear strategy for timing and pricing, I'd be happy to help. Visit SelleckSellsNJ.com or ask questions directly through my AI assistant at Delphi.ai/ScottSelleck. Because your move matters and I make it smoother. I'm Scott Selleck, your NJ to Florida transition advisor.
