SOUTH FLORIDA
Home Sales Down, Average Price Up
Home sales are down 9.3% year over year, with July 2025 at 3,101 compared to 3,313 last July. Sales are down across all categories.
- Single families: 3,313 (2024) | 3,101 (2025)
- Condos & Townhomes: 3,126 (2024) | 2,739 (2025)
Average sale price increased 0.9% year-over-year, now at $790,199.52 compared to $782,811.71 in July 2024. Prices for single-family homes decreased, while condos and townhomes increased.
- Single families: $1,031,762 (2024) | $1,008,147 (2025)
- Condos & Townhomes: $518,969 (2024) | $543,447 (2025)
Homes Listed For Sale in South Florida:
The number of homes listed is down by 5.6% when compared to July 2024.
- 2025: 9,550
- 2024: 10,112
- 2023: 8,790
Pending Home Sales in South Florida:
The number of homes placed under contract is down by 6.2% when compared to July 2024.
- 2025: 6,185
- 2024: 6,606
- 2023: 7,074
July 2025 Home Data by County
Housing Data for Broward County, Miami-Dade County, Palm Beach County.
Market data provided by SunStats then compared to the prior year.
What’s Happening in the South Florida Market?
- In July 2025, national home sales increased by 2%. Conversely, South Florida saw a 9.3% decrease in the number of homes sold.
- At the close of July, average mortgage rates were about 6.75%, according to Mortgage News Daily. By August 14th, they had declined to 6.53%—their lowest point since October 2024—making this an encouraging shift for buyers.
- July 2025 brought a more favorable environment for buyers in South Florida. Higher inventory, price reductions, and longer listing times meant stronger negotiating opportunities.
- With inventory surging and buyer leverage increasing, sellers should know that pricing your home accurately is critical. Overpricing can lead to listings stagnating or requiring multiple reductions.