May 2025
Broward County Market Update
In May 2025, Broward County's housing market showed signs of a slower pace, with fewer closed sales and declining new contract activity. Inventory continues to build, giving buyers more options while keeping prices relatively stable.
Broward County Single-Family Homes
-
Closed Sales: 1,110 (↓ 11% year-over-year)
-
Median Sales Price: $625,500 (no change year-over-year)
-
Active Inventory: 5,862 (↑ 34%)
-
Months’ Supply of Inventory: 5.9 months (↑ from 4.3 months last year)
-
New Listings: 1,730 (↓ 4.9%)
-
New Pending Sales: 1,165 (↓ 10%)
Rising inventory and slower pending sales suggest a more deliberate market environment for single-family homes, with pricing holding steady amid softer demand.
Broward County Townhouses and Condos
-
Closed Sales: 1,014 (↓ 24%)
-
Median Sales Price: $275,000 (↓ 2.5%)
-
Active Inventory: 12,097 (↑ 37%)
-
Months’ Supply of Inventory: 12.5 months (↑ from 7.6 months last year)
-
New Listings: 1,932 (↓ 8.3%)
-
New Pending Sales: 1,058 (↓ 19%)
Townhouse and condo activity saw a more pronounced pullback, with buyer demand down significantly and inventory climbing. This shift is giving buyers more leverage and choice in the attached home market.
