West Palm Beach Real Estate: June Recap & July Outlook

West Palm Beach Real Estate: June Recap & July Outlook

By Vernice K. Bell, The Listing & Lending Strategist™

June delivered a tale of two markets in West Palm Beach, with strategic positioning determining winners and losers. While national headlines focused on mortgage rate fluctuations, local data reveals nuanced opportunities for informed buyers and sellers.

June's Market Reality: Palm Beach County inventory climbed 29.6% year-over-year to 6,503 active listings, with closed sales dropping 5.3% according to the latest BeachesMLS data released in May 2025. Single-family home median prices rose 5.2% to $647,000, while inventory increased 24% compared to last year.

The Pricing Picture: West Palm Beach specifically saw median home prices reach $488,000, up 4.4% year-over-year, according to Redfin's latest market data. The market scored just 15 out of 100 on competitiveness, with homes averaging 84 days on market.

Mortgage Rate Environment: Current 30-year fixed mortgage rates averaged 6.77% for the week ending June 26, according to Freddie Mac. Florida-specific rates are running approximately 7.00% for 30-year fixed mortgages per Bankrate's latest survey.

July Strategic Outlook: With buyer activity cooling despite relatively stable pricing, the market is shifting to favor buyers. This creates distinct opportunities: sellers with competitive pricing and move-in-ready properties will capture serious buyers, while cash-ready purchasers face reduced competition.

Fannie Mae forecasts mortgage rates dropping to approximately 6.3% by year-end 2025, potentially bringing sidelined buyers back to market by Q4.

Strategic Forecast: July represents a inflection point. Properties priced strategically for current market realities will outperform, while overpriced listings may languish as inventory continues expanding.

Ready to capitalize on July's market dynamics? Contact Vernice K. Bell for your personalized West Palm Beach strategy.

Sources: BeachesMLS/Realtors Association of Palm Beaches, Redfin, Bankrate, Freddie Mac Primary Mortgage Market Survey, Fannie Mae Economic Forecast