March 2025
Broward County Market Update
The Broward County real estate market in March 2025 reflected a cooling pace in sales alongside continued inventory growth. Home prices remained strong, offering sellers an advantage, while buyers found more options than they did a year ago. Here's a closer look at how both single-family homes and townhouses/condos performed:
Broward County Single-Family Homes
-
Closed Sales: 1,062 homes sold (down 2.0% from March 2024)
-
Median Sales Price: $635,000 (up 4.6% year-over-year)
-
Active Inventory: 5,482 homes (up 37% from last year)
-
Months Supply of Inventory: 5.4 months (up from 3.9 months last year)
-
New Listings: 1,798 (up 7.5% year-over-year)
-
New Pending Sales: 1,179 (down 10% year-over-year)
The single-family home market in Broward County showed steady price growth even as closed sales dipped slightly. Rising inventory levels and an expanding months' supply signal a market that's offering more breathing room for buyers while keeping upward pressure on home values.
Broward County Townhouses and Condos
-
Closed Sales: 1,070 townhouse/condo units sold (down 11% from March 2024)
-
Median Sales Price: $280,000 (down 3.0% year-over-year)
-
Active Inventory: 12,153 units (up 43% from last year)
-
Months Supply of Inventory: 12.0 months (up from 7.2 months a year ago)
-
New Listings: 2,473 (up 5.8% year-over-year)
-
New Pending Sales: 1,217 (down 17% year-over-year)
The townhouse and condo market continued to shift in favor of buyers, with inventory soaring and the supply stretching to a full year's worth. While median prices saw a modest decline, the abundance of new listings gives buyers a wide range of options to consider.
In March 2025, Broward County saw rising prices and growing inventory. Single-family home sales eased slightly, but prices stayed strong. The townhouse and condo market shifted toward buyers, with higher inventory and softer pricing.
