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Palm Beach County home sales surge as South Florida population grows

by Lindsey Wells

Home sales in Palm Beach County continued trending upward in August, according to the Miami Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. 

Palm Beach County’s total home sales rose 1.9% year-over-year in August, from 3,014 to 3,072. Single-family home sales dropped 10.5%, from 1,814 to 1,624, while existing condo sales rose from 1,200 to 1,448: a 20.7% increase. 

“Palm Beach County continues to attract home buyers and companies,” said Bill Mate, president of JTHS-MIAMI, in a press release. “U.S. individuals and companies, particularly from tax-burdened northeast and western states, will continue moving to South Florida because the region is pro-business, low-tax, home to sunny weather and a healthy lifestyle and more.”

Sales of Palm Beach County homes in August were significantly higher compared to the same month in 2019. Total home sales in August 2021 increased 13.5% from August 2019. Single-family home sales rose 3.7% from August 2019, while condo transactions jumped 26.9%.

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