Scott SelleckBroker / Sales Associate / Transition Advisor, The Selleck Group, KW City Views Realty · Scott Selleck | Trusted Bergen County Realtor | Keller Williams City Views Realty, Fort Lee NJ

Why Palm Beach Home Listings Just Dropped to Historic Lows

11 Mar 2026 · 3 min

Watch on YouTube

2:51

In this video, real‑estate specialist Scott Selleck provides a February 2026 market snapshot of Palm Beach County aimed at New Jersey homeowners considering a move to South Florida. He contrasts current data with the 2019 baseline, showing that active single‑family listings have fallen from 7,236 to about 4,433, creating a 5.2‑month supply and pushing the median single‑family price from $363,000 to roughly $750,000. Homes now spend about 75 days on market and sell at 92.7% of the list price, indicating a still‑competitive but slightly softened market. By contrast, condo and townhome inventory has risen to an 8.7‑month supply, with a median price of $321,800 and a longer 105‑day market time, giving buyers more negotiating power. Selleck interprets these trends as a shift from a frenzy to a balanced market with strong long‑term demand: single‑family homes remain competitive, while condos present better value opportunities. He concludes with a call to action, inviting viewers to use his services at SelleckSellsNJ.com or via his AI assistant at Delphi.ai/ScottSelleck for personalized relocation strategy.

Chapters

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.