South Florida Real Estate Report – September 2025

Single Family Home Sale Prices Holding Steady, Condo Prices Continue to Soften

Median sale prices in South Florida continue to show a split between single family homes and condominiums. Single family prices remain stable year over year, supported by relatively tight supply and steady demand. Condominiums, on the other hand, continue to show price weakness, with inventory rising and buyers still showing sensitivity to building renovations, assessments, and reserves.

Closed sales activity saw meaningful improvement across nearly all market segments in September, signaling increasing buyer confidence as mortgage rates stabilize and more sellers align with current pricing realities.

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South Florida Metro Area Overview

• Single Family: Closed sales ↑ 15% YoY; median sale price $640,000 (↑ 1.6% YoY); months supply 5.6 (up from 4.8) — still slightly seller-leaning but moving toward equilibrium.
• Condos/Townhomes: Closed sales ↑ 7.7% YoY; median sale price $325,500 (↓ 4.9% YoY); months supply 11.6 — more of a buyer’s market.

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Broward County

The median sale price for single family homes in Broward County rose 1.8% to $626,500, with closed sales up 13% year over year. Inventory increased slightly to 5.4 months, just below equilibrium. While the market still slightly favors sellers, buyers have more inventory to choose from and the market is closer to equilibrium.

Condo/townhome median prices declined 2.3% to $275,000, with inventory at 11.6 months. This remains a buyer’s market, although inventory growth appears to be slowing after a year of steady increases.

Broward County includes the coastal communities of Fort Lauderdale, Pompano Beach, Lauderdale-by-the-Sea, Lighthouse Point, Hillsboro Beach, and Deerfield Beach.

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Palm Beach County

Single family prices remained flat year over year at $615,000, while closed sales jumped 25%. Inventory edged up to 5.0 months, still one of the tighter single-family markets in South Florida.

Condo/townhome median prices declined 4.8% to $300,000. Inventory rose to 8.8 months. Though buyer-leaning, Palm Beach condos remain tighter than Broward or Miami-Dade.

Palm Beach County includes the coastal communities of Boca Raton, Delray Beach, Boynton Beach, Lantana, Manalapan, West Palm Beach, Singer Island, Juno Beach, and Jupiter.

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Miami-Dade County

Single family prices increased 1.8% to $665,000, with closed sales up 6.9%. Inventory rose to 6.5 months, placing Miami-Dade closest to a balanced single-family market among the three counties.

Condo/townhome prices held flat at $420,000, while inventory climbed to 14.0 months — the most available condo supply in South Florida. Buyers here have notable leverage, especially in older buildings or those actively funding reserves and structural requirements.

Miami-Dade includes the coastal communities of Miami, Miami Beach, Sunny Isles Beach, Golden Beach, Bal Harbour, Surfside, and Key Biscayne.

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Summary

Our single-family markets continue to stabilize, with inventory levels now close to balanced and pricing holding relatively firm. For buyers seeking a primary residence, this is a healthier and more normal market environment than we have seen in several years. With demand expected to increase during the upcoming winter season, now is an opportunity window before snowbird activity returns.

The condo market is still working toward stabilization. Inventory remains elevated in many submarkets, creating favorable conditions for buyers. As more associations complete required reserve funding and structural evaluations, buyer confidence should improve. For buyers who are patient and well-advised, value opportunities continue to emerge.

For sellers, timing will depend on property type and location. If you own a single-family home in a desirable neighborhood, the market remains supportive. If you own a condo and are considering selling, pricing strategy and positioning are critical.

Source: Florida Realtors SunStats, September 2025.