MARKET SNAPSHOT | JANUARY 2025
Source: realtor.com | Monthly data updated on December 5, 2024 with data through November 2024

The South Florida housing market continues to show signs of balance and opportunity for buyers. Active listings have seen a significant year-over-year increase, with Miami-Dade up 44%, Broward up 62%, and Palm Beach rising 48%, providing buyers with more options than in previous months. Month-over-month improvements are also evident, particularly in Broward and Palm Beach, where active inventory grew by over 5% and 7%, respectively. Steady listing prices and consistent market activity signal a balanced environment, offering sellers opportunities to attract serious buyers.

The South Florida housing market reveals distinct regional differences across Miami-Dade, Broward, and Palm Beach Counties. Miami-Dade leads with the highest median listing price at $634,000, while Broward and Palm Beach follow at $420,000 and $519,139, respectively, highlighting a price disparity driven by location and demand. Active listings have increased significantly year-over-year, with Broward seeing the largest growth at 62%, followed by Palm Beach at 48%, and Miami-Dade at 44%. Despite this increase in supply, Median Days on Market is relatively uniform across all three counties, hovering around 74–75 days, though Palm Beach shows the most notable year-over-year rise at 42%. These trends suggest a cooling market overall, with inventory growth outpacing buyer demand, creating more opportunities for buyers across the region.

Header image courtesy of Jacqueline Molina and Sofia Habib. 3511 Alhambra Cir, Coral Gables, FL 33134 | Preview this home here.