Property Trends – May 2026 – South Florida.
We have been looking at the 3 months ending May 2026 for South Florida property trends for Boca Raton, Delray Beach, Lake Worth, and West Palm Beach. Data courtesy of Redfin.com housing market data.
People looking to relocate from within the USA to these areas are typically coming from New York NY, Washington DC, Boston MA and Chicago Illinois, this data does not reflect actual people moving, but is based on about 2 million users who searched for property across 100 metro areas and must have performed at least 10 searches, as per Redfin
Taking a look at the West Palm Beach area the Luxury home price median is $4,663,634 and the non-luxury home price median is $508,550. There are currently 497 luxury sales pending which is up 21.8% year over year and 2,470 non-luxury sales pending up 25.8%.
Are we in a Buyers or Sellers market?
Currently the data is showing us that its a Buyers Market, in May 2026 there where 9,000 buyers with 15,700 Sellers meaning sellers are outnumbering buyers by 78%. Redfin defines a Buyers or sellers market when there is a 10% or more difference, less then 10% it is classified as a Buyers market.
We now know it’s a Buyers market, then how much are sellers reducing prices by? In the West Pam Beach metro, there are 2,845 homes with a price reduction, the average size of a price drop is 4.5% which is down 0.17pt month over month.
Summary of property data Palm Beach county
The table below summarizes the data based on each city. The Market on the whole is not very competitive with sellers receiving 1 offer in the days on market, with Lake Worth bucking the trend with 2 offers. To view some properties for sale select the link location below where you will find property broken down by community.
| Location | Median Sale Price | Year over Year | Homes Sold | Year over year | Days on Market | Year over Year | Competitive Score |
|---|---|---|---|---|---|---|---|
| Boca Raton | $830,503 | -3.1% | 616 | +9.6% | 77 | 0 | 24 |
| Delray Beach | $544,674 | +4.7% | 449 | +21.6% | 90 | +3 | 23 |
| West Palm Beach | $512,193 | +5.6% | 603 | +28.7% | 85 | 0 | 24 |
| Lake Worth | $397,262 | +7.1% | 168 | +29.3% | 71 | -16 | 18 |
| Boynton Beach | $333,800 | -0.34% | 394 | +9.9% | 80 | -2 | 25 |
Median Sales Price: This is the average sales priced based on last years data with the Year over Year % showing either an increase or decrease.
Homes Sold: This is the number of properties sold and the year over year percentage is how many it has increased or decreased.
Days on Market: Number of days before a property sells and the year on year difference, negative means sold quicker than previous year
Competitive Score: This is the Redfin competitive score, which rates the difficulty of buying a home in a specific city, neighborhood, or address on a scale of 0 to 100, with 100 being the most competitive. It helps users determine how likely they are to face bidding wars.
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Contact us for any assistance in buying or selling in Boca Raton and Delray Beach areas
Key Takeaways
- South Florida real estate trends indicate a Buyers Market as of May 2026, with 9,000 buyers and 15,700 sellers.
- West Palm Beach luxury homes have a median price of $4,663,634, while non-luxury homes average $508,550.
- Price reductions average 4.5% in West Palm Beach, with 2,845 homes seeing price drops.
- Median sales prices vary by city, with Boca Raton at $830,503 and Delray Beach at $544,674, showing different year-over-year trends.
- Contact us for help with buying or selling in Boca Raton and Delray Beach.