February 2025
Broward County Market Update
The Broward County housing market continued adjusting in February 2025, with inventory rising across both the single-family home and townhouse/condo sectors. Shifts in supply levels are impacting sales activity and pricing, creating new opportunities and challenges for buyers and sellers. Here's a closer look at the latest numbers.
Broward County Single-Family Homes
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Closed Sales: 802 (down 3.5% YoY)
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Median Sales Price: $610,000 (down 2.4% YoY)
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Active Inventory: 5,361 (up 37% YoY)
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Months Supply of Inventory: 5.3 months (up from 3.8 months YoY)
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New Listings: 1,675 (up 6.4% YoY)
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New Pending Sales: 1,118 (down 9.8% YoY)
Broward County’s single-family home market showed signs of cooling with a slight dip in both closed sales and median prices. Inventory growth was substantial, with a 37% increase year-over-year. As supply builds, buyers have more options, while sellers may need to price competitively to attract interest. The drop in pending sales signals that some buyers are hesitating, possibly waiting for further price adjustments.
Broward County Townhouses and Condos
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Closed Sales: 789 (down 20% YoY)
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Median Sales Price: $275,000 (down 5.2% YoY)
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Active Inventory: 11,687 (up 43% YoY)
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Months Supply of Inventory: 11.4 months (up from 6.8 months YoY)
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New Listings: 2,410 (down 2.9% YoY)
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New Pending Sales: 1,121 (down 19% YoY)
The townhouse and condo market faced steeper declines in activity. Closed sales dropped sharply by 20%, and median prices dipped by 5.2%. Inventory soared, resulting in an 11.4-month supply—giving buyers significantly more choices and leverage. With new pending sales falling 19%, demand is softening as buyers evaluate their options in a more favorable environment.
Broward County’s real estate market in February 2025 is experiencing a clear shift as inventory grows and buyer demand slows. Single-family homes and townhouse/condo sectors both saw price declines and fewer pending sales. Buyers are gaining negotiating power, while sellers may need to adjust strategies in this evolving market. Staying on top of these trends will be key for anyone looking to buy or sell in 2025.
