MARKET SNAPSHOT | MARCH 2025
Source: realtor.com | Monthly data updated on January 2, 2025 with data through December 2024

• Active listings have increased significantly across all three counties, with Broward seeing the largest growth at +49% YOY. This suggests a growing inventory, providing buyers with more options.
• Median listing prices have declined across all three counties, with Palm Beach showing the biggest drop at -10% YOY, making it more attractive for buyers.
• Median days on market have risen in all counties, indicating that homes are taking longer to sell compared to last year.

Market Outlook: Positive Opportunities in a Shifting Landscape
The real estate market in Miami-Dade, Broward, and Palm Beach Counties continues to evolve, presenting advantageous opportunities for both buyers and sellers. While median listing prices have adjusted slightly downward year-over-year, this shift is making homeownership more accessible for buyers, especially in Broward and Palm Beach, where prices have softened the most.

Inventory remains strong across all three counties, with active listings increasing significantly—Broward leading with a 49% YOY growth—giving buyers a broader selection of properties to choose from. This expansion in inventory, combined with rising new listings, signals a market that is balancing itself, encouraging healthy competition and negotiation.

Homes are taking a bit longer to sell, reflecting a more deliberate and strategic market, where buyers have time to explore options, and sellers can adjust pricing for optimal positioning. Notably, price reductions have increased, making this an excellent time for buyers to find properties at more competitive prices.

While pending sales have slightly declined year-over-year, this shift reflects a market adjusting to recent price movements and inventory growth. The increased stability in median price per square foot, with minimal month-over-month changes, suggests that pricing levels are finding equilibrium after a period of rapid shifts.

Key Takeaway:
For buyers, this is an ideal time to explore the market with more options and greater negotiating power. For sellers, strategic pricing and preparation remain key in attracting serious buyers in this dynamic environment. As the market continues to adjust, those who stay informed and proactive will be best positioned for success.

Header image courtesy of Rejane De Paula and Fabiana M. Santamaria. 16901 Collins Avenue #5103, Sunny Isles Beach, FL 33160 | Preview this home here.