The Largest Sales
The record sale leads the table. At $75M and 18,286 square feet, the Royal Palm Yacht and Country Club estate topped the month by a wide margin. Nothing recorded in the county over the trailing year comes within four million dollars of it, and the sale extends a pattern this pulse has tracked all season: the county's biggest closings now come from Boca Raton's deepest waterfront as well as from the island. Behind it, Manalapan's $62.5M oceanfront closing and four sales on Palm Beach island completed the top six. The month produced 13 closings at fifteen million dollars or more in all, the most of any month this season.
Source: BeachesMLS, closed residential sales, May 2026
The Shape of the Month
Every price range grew. Homes between $3 million and $5 million closed 78 sales against April's 65, homes between $5 million and $10 million added sales and volume as well, and closings at $10 million and above totaled $522.2M. May is usually the month when contracts signed during the winter season reach the closing table, and this May followed the pattern. Prices held through the increase. The median sale closed at 93.7 percent of the asking price, a touch above April's 92.4, so the far busier month brought no added discounting, the outcome our 2026 outlook projected for the season's close.
Source: BeachesMLS, closed residential sales at $3M+, April and May 2026
Source: BeachesMLS, closed residential sales at $3M+
Where the Sales Were
Boca Raton led the county with 38 closings and produced the record sale as well. Palm Beach island recorded 23, and the golf communities of Jupiter and Palm Beach Gardens kept their usual spring pace. Waterfront properties accounted for 76 of the 157 closings, just under half, and the three largest sales of the month were all on the water. The county's current waterfront inventory shows what is available today.
Source: BeachesMLS, May 2026
Houses Against Condominiums
Houses carried most of the volume: 121 single family closings at a $5.3M median and $1,236 per square foot. Condominiums closed 30 sales at a $4.4M median and $1,421 per square foot, so condominium buyers again paid more per foot than house buyers, as they have all season. Condominiums made up roughly one closing in five, about the same share as April, and nothing in the May data suggests either product is taking share from the other as the market heads into summer.
Bottom Line
May finished the spring season with the county's largest sale in at least a year, 38 percent more volume than April, and growth in every price range with no added discounting. The pulse returns after June closes.
For sellers watching the spring numbers: The season's buyers paid 93.7 percent of the asking price through the busiest month of the year, and the record sale came from a golf community rather than the beachfront. A correctly priced listing had more qualified buyers in May than at any point in the trailing year.
This pulse covers every residential closing at $3,000,000 or above in Palm Beach County in May 2026 (157 sales), compared against April 2026 (123 sales). The largest-sale claim covers the trailing twelve months of recorded closings at this threshold. Medians are used throughout. Days on market and close-to-list ratios are as recorded in the MLS. Community names are normalized from raw MLS subdivision records.
All data sourced from BeachesMLS via the Spark API.
