South Florida Market Snapshot – July 2025
Data source: realtor.com
Monthly data updated on June 5, 2025 with data through May 2025

While national headlines continue to spotlight uncertainty in the housing market, the data from South Florida tells a more measured story—one of stabilization, not distress. Active listings are up significantly year-over-year: +46% in Miami-Dade, +40% in Broward, and +28% in Palm Beach. These gains reflect a much-needed return to healthier inventory levels after years of record lows, offering buyers more options without flooding the market.

Prices are gradually adjusting—down around 5% across all three counties compared to last year—indicating greater flexibility from sellers. At the same time, homes are taking longer to sell, averaging 79 days in Miami-Dade, 76 in Broward, and 74 in Palm Beach. This pace is consistent with long-term, healthy market behavior—more in line with typical conditions before the post-2020 frenzy distorted expectations —with record-low rates, bidding wars, and soaring prices briefly replacing a more balanced, sustainable market.

We’re not ignoring the challenges. Price reductions, longer days on market, and growing inventory are trends that can’t be dismissed. But they don’t signal a collapse—they point to a cooling, steadying market that rewards preparation and real value. Sellers can no longer depend on urgency or speculation to drive results. Condition, presentation, and pricing matter again. For buyers, this means more room to breathe—and more power to choose wisely. For both, it marks a shift toward balance.

Header image courtesy of Tyler Tuchow. 169 Fiesta Way, Fort Lauderdale, FL. View property here.