March 2025
Fort Lauderdale Market Update
The Fort Lauderdale real estate market continued to adjust in March 2025, reflecting cooling buyer demand and growing inventory levels. Both single-family homes and townhouse/condo segments experienced notable differences compared to last year, offering buyers more opportunities and driving a shift in overall market balance.
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Closed Sales: 137 (down 13% year-over-year)
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Median Sales Price: $699,000 (down 9.5% year-over-year)
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Active Inventory: 957 homes (up 21% year-over-year)
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Months Supply of Inventory: 7.7 months (up from 6.3 months last year)
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New Listings: 221 (up 3.3% year-over-year)
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New Pending Sales: 150 (down 7.4% year-over-year)
The single-family home market in Fort Lauderdale saw a dip in closed sales and median price compared to March 2024. However, active inventory and months' supply grew, giving buyers greater negotiating power. The modest increase in new listings suggests that while sellers remain active, overall buyer activity has softened slightly.
Fort Lauderdale Townhouses and Condos
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Closed Sales: 179 (up 9.1% year-over-year)
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Median Sales Price: $420,000 (down 13% year-over-year)
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Active Inventory: 1,870 units (up 29% year-over-year)
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Months Supply of Inventory: 13.9 months (up from 9.8 months last year)
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New Listings: 338 (up 8.0% year-over-year)
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New Pending Sales: 173 (up 6.8% year-over-year)
The Fort Lauderdale townhouse and condo market posted a rise in closed sales, signaling renewed buyer interest despite declining median prices. Inventory levels surged, pushing the market further into a buyer-friendly environment. The increase in both new listings and pending sales indicates that buyers are taking advantage of improved selection and pricing flexibility.
