Year Ends with Stable Single Family Market, Condo Prices Under Pressure
South Florida’s housing market closed out 2025 with continued stability in the single family segment and ongoing price pressure in the condo market. Sales activity remained strong year over year across most categories, while inventory levels adjusted modestly heading into the new year. As we transition into 2026, the data suggests a balanced single family market and a condo market still working through elevated supply.
Single family closed sales in the tri-county area increased 13% year over year to 3,180 sales. The median sale price slipped slightly by only 0.3% to $638,250. Inventory improved to 5.1 months of supply, up from 5.0 months a year ago, but down from the peak of 6.1 months last June. Overall, the single family market remains close to equilibrium, with steady demand and balanced supply.
Closed condo sales rose 13% year over year to 2,852 sales, while the median sale price declined 4.5% to $327,750. This is down from the peak of $350,000 last May. Inventory held fairly steady at 11.0 months of supply, up from 10.0 months last year. Much like the single family market, inventory has come down off its peak of 12.4 months last May. The condo market continues to favor buyers, particularly in markets with older inventory and higher association requirements.
South Florida Real Estate Statistics – December 2025
Single family inventory is stable at 5.1 months of supply – up from last December, but down from the peak of 6.1 months last June.
Broward County
Single family closed sales in Broward County rose 11% to 1,051 sales. The median sale price declined slightly by 0.9% to $614,500. Inventory improved to 4.8 months of supply, up from 4.6 months last year, but down from the peak of 6 months in July and slightly favoring sellers going into the busy season.
Condo sales in Broward increased 5.2% year over year to 985 sales, while median prices fell 9.3% to $257,000. Inventory stood at 11.0 months of supply, up from 9.8 months last year, continuing to create negotiating leverage for buyers.
Broward County Real Estate Statistics – December 2025
Condo inventory stood at 11.0 months of supply, up from 9.8 months last year, continuing to create negotiating leverage for buyers.
Broward County includes the coastal communities of Fort Lauderdale, Pompano Beach, Lauderdale-by-the-Sea, Lighthouse Point, Hillsboro Beach, and Deerfield Beach.
Palm Beach County
Single family closed sales in Palm Beach County jumped 23% to 1,269 sales. Median sale prices increased 1.6% to $632,500, while inventory declined to 4.6 months of supply, down from 5.1 months last year. Palm Beach remains the tightest single family market in South Florida.
Condo sales surged 31% year over year to 858 sales, while median prices declined 6.5% to $297,000. Inventory improved to 8.5 months of supply, down from 8.8 months last year, making Palm Beach the most balanced condo market in the tri-county area.
Palm Beach County Real Estate Statistics – December 2025
Inventory improved to 8.5 months of supply, down from 8.8 months last year, making Palm Beach the most balanced condo market in the tri-county area.
Miami-Dade County
Single family sales in Miami-Dade County rose 3.7% to 860 sales, while median prices declined 2.2% to $660,000. Inventory increased to 6.2 months of supply, up from 5.2 months a year ago, keeping Miami-Dade near equilibrium.
Condo sales increased 7.9% year over year to 1,009 sales, while median prices slipped 2.3% to $420,000. Inventory remained elevated at 13.2 months of supply, the highest in South Florida.
Miami-Dade County Real Estate Statistics – December 2025
Condo inventory in Miami-Dade jumped to 13.2 months of supply, the highest in South Florida.
Summary
South Florida’s single family market closed out 2025 in a stable position, with steady sales growth and balanced inventory levels across the region. Price adjustments were modest and reflect normalization rather than weakness.
The condo market continues to adjust to higher supply and ongoing association requirements, particularly in Broward and Miami-Dade counties. However, strong year-over-year sales growth suggests buyers are stepping in where pricing has adjusted appropriately.
As we enter 2026, buyers will find more options than in recent years, especially in the condo markets. Sellers who price correctly can still benefit from steady demand. Navigating this evolving market requires local expertise and a strategic approach. Contact your By The Sea Realty agent for assistance.
Source: Florida Realtors SunStats, December 2025.
