February 2025
The Fort Lauderdale real estate market in February 2025 reflected a shift toward increased inventory and softening buyer activity, while prices continued to rise in both the single-family and townhouse/condo segments. Expanding inventory is giving buyers more leverage, while sellers still benefit from higher home values.
Closed Sales: 87 homes sold, down 27% from February 2024.
Median Sales Price: Increased 11% year-over-year to $855,000.
Active Inventory: Rose 27% to 986 homes, giving buyers more choices.
Months Supply of Inventory: Increased to 7.8 months from 6.2 months, leaning toward a buyer’s market.
New Listings: Up 2.2% to 233, adding fresh options for buyers.
New Pending Sales: Dropped 17% to 145, signaling slower buyer activity.
Fort Lauderdale’s single-family home market saw a significant slowdown in sales this February, yet home values continue to climb. With inventory rising and pending sales down, buyers now have more opportunities to negotiate while sellers benefit from strong price growth.
Fort Lauderdale Townhouses and Condos
Closed Sales: 122 townhouse/condo units sold, down 9.6% from last year.
Median Sales Price: Increased 8.7% to $542,500, showing solid price gains.
Active Inventory: Jumped 32% to 1,832 units, expanding buyer options.
Months Supply of Inventory: Grew to 13.7 months, up from 9.2 months, reflecting a strong buyer’s market.
New Listings: Fell 4.4% to 344, slightly reducing new inventory.
New Pending Sales: Decreased 5.5% to 188, pointing to cooling demand.The townhouse and condo market in Fort Lauderdale saw declining sales in February, but prices remained on the rise. Inventory has grown considerably, giving buyers more choices and time to make decisions, while sellers face increased competition.
Fort Lauderdale’s housing market continued to adjust in February, with rising inventory levels and fewer closed sales across both single-family homes and townhouse/condo properties. Median prices remain strong, but slower pending sales and growing supply suggest shifting conditions that favor buyers in the months ahead.
