BOCA RATON, FL (BocaNewsNow.com) (Copyright © 2025 MetroDesk Media, LLC) — The real estate market in Palm Beach County is heating up, as buyers and sellers seem to be accepting that interest rates may not move but people still do. New contracts and new listings are all way up, according to the latest Elliman Report produced by Miller Samuel Real Estate Appraisers and Consultants. We note this report covers all of Palm Beach County. The report that looks at specific locations — like Boca Raton and Delray Beach — will be released later in the quarter.
We’ll start with newly signed contracts for single family homes. Comparing January of 2025 with January of 2024, the number of newly signed contracts jumped 42.9-percent for homes valued under $300,000. The numbers didn’t move year-to-year for homes valued between $300k and $399k, but jumped 65.6-percent for homes valued $400k to $499k.
There was a 35.2-percent jump in homes valued between $400k and $999k that went under contract when comparing January 2025 to January 2024. While there was no change for homes valued $3M to $4.99M (17 in January 2025 and 17 in 2024), there was a 157.1 percent increase in homes valued between $5M and $9.99M going under contract, and 333.3-percent increase for homes valued at $10M when comparing January 2025 and January of 2024. There were a total of 398 newly signed contracts in January of 2025 versus 282 in January of 282 for an increase of 41.1-percent.
New Listings are also on the rise. The number of homes entering the market — when comparing January of 2025 with January of 2024 — jumped in every category. There was a 58.3 increase in new listings for homes valued under $300k, a 37.3-percent increase in new listings for homes valued between $300k and $399k, a 51.4-percent jump for homes valued between $400k and $499k, and a 49.8 increase in new listings for homes valued between $500k and $999k.
The number of new listings for homes valued between $1M and $2.99M jumped 46 percent when comparing January of 2025 with January of 2024, the jump was 109.3-percent for homes valued $3M to $4.99M, 62.5-percent for homes valued $5M to $9.99M, and 54.5-percent for homes valued at more than $10M. There were 1,603 new listings in January of 2025 versus 1,058 in January of 2024. That’s an overall increase of 51.5-percent.
