Cash transactions continue to define the Palm Beach County real estate market, setting it apart from much of the country. In January 2025, more than 56% of all home sales were completed with cash, nearly double the national average of 29%. Condos led the way, with 67% of sales in this segment closing without financing, while nearly half of single-family home sales were all-cash deals.
This trend reflects the unique profile of Palm Beach buyers, who are often ultra-wealthy, mobile, and largely immune to interest rate fluctuations. Many out-of-state buyers, particularly from the Northeast, are drawn to Florida for its tax advantages, year-round climate, and lifestyle amenities. Investors are also attracted to the market’s proven resilience in luxury home values.
Recent condo sales highlight this dynamic. Between August 18–24, 2025, 74 units sold for a total of $42.8 million, up from 64 units totaling $31.4 million the prior week. Average sale prices rose from $491,305 to $578,767, though price per square foot declined slightly, signaling that buyers are willing to pay top dollar but are negotiating strategically.
At the same time, broader market indicators suggest a more balanced environment. Active listings grew 21.1% year-over-year to 6,259, and monthly supply increased to 5.7 months, moving closer to what is considered a balanced market. Closed sales declined 6.5% year-over-year, and the average time to sell increased to 42 days. Sellers now need to focus on pricing and presentation, while cash-ready buyers gain leverage and flexibility.
Overall, Palm Beach County remains a liquid and competitive market, with cash buyers dominating both condos and luxury homes. Real estate professionals who understand how to guide cash-ready clients and strategically position listings will thrive in this evolving market.