Palm Beach Monthly Market Overview
February 2026 — Detached, Condo, Townhouse & Villa Residences
Provided By: ChartMaster Services, LLC
Exclusively for Keller Williams Realty
O: 770.335.3102 | [email protected]
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About This Report
Timing & Data Completeness
Transactions must be downloaded before all have been entered into BeachesMLS. Data and measurements will increase as entries are completed — transactions are often entered up to 45 days after month-end. Each subsequent report reflects more complete prior-period data.
DOM & Pricing Methodology
ChartMaster statistics include Days on Market (DOM) and Original Listing Prices (OLP) for previous listing periods of unclosed listings, even when a property was off-market for more than 30 days. Standard MLS data excludes these stats for withdrawn, cancelled, or expired listings re-listed after 30+ days. Our data attempts to include all relevant listing history, meaning median DOM and % S/OLP could otherwise be understated.
Selected Areas & Cities
This report covers the following Palm Beach County cities and communities:
Boca Raton
Boynton Beach
Delray Beach
Green Acres
Highland Beach
Jupiter / Juno Beach
Lake Worth Beach / Atlantis
Lantana / Hypoluxo
Loxahatchee / The Acreage
North Palm Beach
Palm Beach
Palm Beach Gardens
Palm Springs
Riviera Beach / Lake Park
Royal Palm Beach
Singer Island / Palm Beach Shores
South Palm Beach / Ocean Ridge
Tequesta
Wellington
West Palm Beach
Detached — All Areas Combined
Market Perspective: February 2026
Most experts, including Gary Keller, consider the last five years to be "outliers" in the historical market picture. Comparing February 2026 to the more normal market of February 2019 provides better perspective on current conditions.
Fewer Choices
Less inventory means more buyer competition vs. the 2019 baseline.
Longer Sales Cycle
Median DOM of 75 days reflects a more extended sales process.
Higher Selling Prices
Median sale price of $750,000 creates more pressure on financing.
Less Price Reduction Pressure
Only 51.9% of closed sales required a price reduction — lower seller pricing pressure.
A one-year trend guides our understanding of market seasonality and general direction of key metrics — and helps answer: "When's the best time to list?" and "Is now a good time to buy?"
Detached — All Areas Combined
Key Metrics: February 2025 vs. February 2026
Detached — All Areas Combined
Putting It All Together: Pricing Strategy
For Every 100 Finalized Listings in February
34
Failed
Likely due to overpricing
66
Sold
Successfully closed
34 + 34 = 68 of every 100 listings were OVERPRICED (34 failed + 34 sold only after a price reduction)
32 of every 100 were CORRECTLY PRICED — no price reduction needed
When Priced Correctly
S/OLP%
96.9%
Median DOM
21 Days
When Overpriced
S/OLP%
87.8%
Median DOM
161 Days
Overpriced listings sit on the market 7.7× longer and net significantly less — pricing correctly from day one is the clear winning strategy.
Detached — All Areas Combined
Price Reduction Increments
51.9%
Closed with Price Reduction
161
Median DOM (Price Reduced)
-7.6%
Median Reduction %
-$60,724
Median Reduction $
Median Original List Price: $799,000. The longer a property sits, the deeper the required reduction. Properties on market 240+ days see reductions averaging -13.2% (-$105,468), versus only -4.3% (-$34,357) for those reduced within the first 14 days.
Detached — All Areas Combined
All Areas: February 2026 by Price Range
Total market summary: 1,492 New Listings | 4,433 Active | 1,671 Pending (27.4% ratio) | 856 Closed | Median Sale Price $750,000 | Supply 5.2 Months