South Florida Real Estate Market Report - June 2025
Overview
As of June 2025, the South Florida real estate market is shifting toward a balanced, buyer-friendly environment.
Increased inventory, stabilizing prices, and moderating demand define the market across Miami-Dade, Broward, and Palm Beach Counties.
Miami-Dade County
Single-Family Homes
- Median Sale Price: $580,000 (↑ 3.9% YoY from June 2024)
- Sales Volume: 900 closed sales (↓ 2.5% from May 2025)
- Inventory: 6 months’ supply – balanced market
- Days on Market: ~90 days – slower sales
- Key Trends:
- Popular among domestic and international buyers (Latin America, NY, CA)
- Demand supported by tax benefits and corporate relocations
- ↓ 12.6% in cash sales YoY → reduced foreign investment
Condominiums
- Median Sale Price: $280,000 (↓ 0.9% YoY)
- Sales Volume: ↓ 3% from May 2025
- Inventory: 12.4 months – strong buyer’s market
- Days on Market: 57 days (↑ from 50 in May)
- Key Trends:
- New safety regulations (post-Surfside) increased reserve/inspection costs
- Price corrections, especially in older buildings
- Luxury condos ($1M+) remain resilient
Broward County
Single-Family Homes
- Median Sale Price: $630,000 (↓ 0.8% YoY)
- Sales Volume: 1,054 closed sales (↓ 12% YoY)
- Inventory: 5.7 months – balanced market
- Days on Market: ~97 days
- Key Trends:
- Declines in cities like Fort Lauderdale, Miramar, Coral Springs due to oversupply and cooling short-term rental market
- Fed rate cuts (↓ 1% since late 2024) may drive activity later in 2025
- High-demand areas still see multiple offers near asking price
Condominiums
- Median Sale Price: ↓ 2.5% YoY
- Sales Volume: ↓ 19% YoY
- Inventory: ↑ 65% YoY – buyer’s market
- Key Trends:
- Regulatory changes increasing association costs
- Turnkey condition and competitive pricing critical for sellers
Palm Beach County
Single-Family Homes
- Median Sale Price: $470,000 (↓ 13.0% YoY)
- Sales Volume: 800 closed sales (↑ 5% from May 2025)
- Inventory: 7.0 months – buyer’s market
- Days on Market: 82 days – steady
- Key Trends:
- Luxury market strong in Palm Beach Gardens, Boca Raton, Jupiter
- Older/mid-range homes face pressure from ↑ 30% YoY inventory
Condominiums
- Median Sale Price: ↓ 3% YoY
- Sales Volume: ↓ 19% YoY
- Inventory: 12.4 months – strongly favors buyers
- Key Trends:
- Post-Surfside rules increasing listings and time on market
- Luxury condos still attract high-net-worth buyers
Summary
The South Florida market in June 2025 is adjusting:
- Inventory up, prices moderating
- Miami-Dade: Demand remains, but condo market pressured by regulation
- Broward: Price declines and more competition
- Palm Beach: Luxury strong; older homes under pressure
- Condo markets across all counties strongly favor buyers
Recommendations
For Buyers
- Single-Family Homes: Use longer DOM and higher supply to negotiate
- Condominiums: Investigate reserve funds and building health thoroughly
- Timing: Late 2025 may improve affordability (possible rates ↓ to 6–6.5%)
- Luxury: Miami-Dade and Palm Beach remain strong for cash buyers
For Sellers
- Single-Family Homes: Turnkey presentation + competitive pricing = key
- Condominiums: Aggressive marketing and value-driven pricing
- Marketing: Collaborate with a Realtor, highlight unique features
- Determine appropriate concessions to the buyer based on market conditions
Info Deemed Reliable but not Guaranteed
This report is designed to provide you with an expert overview of the current market trends and help you make informed decisions in your real estate endeavors.
