For this week’s Miami Condo Market Intelligence Report™ newsletter, we are sharing some of the information that we have collected about the Palm Beach condo market at the start of the 2025 Florida Condo Association Financial Cliff.
In anticipation of this pivotal year for Florida condos, we dug into the final 2024 condo statistics for each of the markets in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.
For Palm Beach County, we discovered that the condo market - which was a sellers market in 2021, 2022 and less so in 2023 - is firmly in a buyers market, due, in large part, to the growing number of Vintage units - at least 30 years old - listed for resale.
Currently, Palm Beach County has about 10.1 months of condo supply - both Overall units as well as Vintage units - listed for resale at the start of the 2025 Condo Cliff.
Read the report: https://peterzalewski.substack.com/p/palm-beach-condo-market-flailing
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