The South Florida real estate market in July 2025 is predominantly a buyer’s market across Broward, Miami-Dade, and Palm Beach Counties for both condos and single family homes.
Inventory levels are notably high, with condos showing the most significant oversupply (up to 51.41 months in Broward), while single family homes are less extreme but still above the 6 months equilibrium mark.
The gap between median sold and active prices, together with extended DOM (ranging from 43 to 90 days), indicates a slowdown in demand and pressure on sellers to reduce prices.
This trend suggests a market correction following previous high demand periods.
Single Family Homes Market
The single-family market favors buyers with 23.23 months of inventory. New listings (1944) far exceed closed sales (529), pointing to a slow market.
The median sold price ($599,000) is lower than the median active price ($739,999), and the 48 day median DOM indicates a moderate sales pace, giving buyers negotiation advantages.
Broward County’s condo market is heavily skewed toward buyers, with an extraordinary 51.41 months of inventory. The vast number of new listings (1667) compared to closed sales (359) highlights a severe oversupply.
The median sold price ($208,000) is significantly below the median active price ($250,000), indicating substantial price reductions. The 77 day median DOM suggests properties are taking longer to sell, strengthening buyer positions.
Broward County exhibits an extremely buyer’s market, particularly for condos (51.41 months of inventory), while single family homes also show significant oversupply (23.23 months). The large disparity between new listings and closed sales, combined with extended DOM, suggests sellers face challenges moving properties without price concessions.
Miami-Dade’s condo market is a strong buyer’s market with 20.89 months of inventory. The high number of new listings (1948) compared to closed sales (618) indicates slow demand. The median sold price ($395,000) is below the median active price ($500,000), and the 77 day median DOM suggests properties are taking time to sell, favoring buyers.
Single Family Homes Market
The single family market is more balanced but still leans toward buyers with 9.15 months of inventory. New listings (1671) exceed closed sales (755), though the gap is narrower than in the condo market. The median sold price ($666,500) is below the median active price ($829,900), and the 49 day median DOM indicates a moderate sales pace, offering buyers some leverage.
Miami-Dade County’s real estate market is a buyer’s market across both condos (20.89 months) and singleâÂÂÂÂfamily homes (9.15 months). The high volume of new listings compared to closed sales and extended DOM suggest sellers may need to adjust prices to attract buyers.
Single Family Homes Market
The single family market is more balanced but still leans toward a buyer’s market with 8.34 months of inventory. New listings (1476) outpace closed sales (897), though the gap is less pronounced than in the condo market. The median sold price ($675,000) is below the median active price ($799,999), suggesting some price adjustments. The 43 day median DOM indicates a moderate pace of sales, offering buyers some negotiating power.
The condo market in Palm Beach County shows a significant oversupply with 17 months of inventory, indicating a buyer’s market. The high number of new listings (1051) compared to closed sales (442) suggests slower absorption rates. The median sold price ($225,000) is lower than the median active price ($265,000), reflecting potential price reductions to attract buyers. The 90 day median DOM indicates properties are lingering on the market, giving buyers leverage in negotiations.
The real estate market in Palm Beach County is characterized by an oversupply of both condos and single family homes, with condos showing a more pronounced buyer’s market (17 months of inventory) compared to single family homes (8.34 months). Prolonged DOM and a gap between sold and active prices suggest sellers may need to adjust expectations to move inventory.
July’s data confirms that patience is a virtue for buyers and pricing realism is a survival skill for sellers.
Inventory build-up suggests continued downward pressure on asking prices through the rest of 2025, unless macro conditions (rates, employment inflows) shift markedly.
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