South Florida Real Estate Market Statistics

It is important to follow the real estate market statistics in your area to see the data and trends that emerge. For South Florida real estate market statistics, I have included the last four months of market reports for single family homes and townhouses/condos in Broward County and in the Tri-County area (Broward, Miami and Palm Beach Counties). These reports are provided by the Florida Realtors Association.

These monthly reports have data which includes closed sales, pending sales, new listings, average and median sales prices, months supply of inventory, closed sales by price and more.

January 2025 – South Florida Real Estate Market Statistics Highlights and Reports:

January 2025 Market Statistics:
*Single Family Homes (Broward): Median Sales Price: $640,000 Median Time to Contract: 43 Days
Median Time to Sale: 85 Days Months Supply of Inventory 5.1 Months
*Townhouses/Condos (Broward): Median Sales Price: $272,000 Median Time to Contract: 68 Days
Median Time to Sale: 108 Days Months Supply of Inventory: 10.8 Months

January 2025 Reports:
January 2025 Single Family Homes, Broward January 2025 Single Family Homes, Tri-County
January 2025 Townhouses & Condos, Broward January 2025 Townhouses & Condos, Tri-County
January 2025 Closed & Median Sale Prices by Zip, Florida

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Past Three Months – Broward County Real Estate Market Statistics Highlights:

December 2024 Market Statistics:
*Single Family Homes (Broward): Median Sales Price: $620,000 Median Time to Contract: 40 Days
Median Time to Sale: 76 Days Months Supply of Inventory 4.6 Months
*Townhouses/Condos (Broward): Median Sales Price: $283,250 Median Time to Contract: 58 Days
Median Time to Sale: 98 Days Months Supply of Inventory: 9.8 Months

November 2024 Market Statistics:
*Single Family Homes (Broward): Median Sales Price: $619,500 Median Time to Contract: 40 Days
Median Time to Sale: 77 Days Months Supply of Inventory 4.9 Months
*Townhouses/Condos (Broward): Median Sales Price: $285,000 Median Time to Contract: 58 Days
Median Time to Sale: 98 Days Months Supply of Inventory: 9.8 Months

October 2024 Market Statistics:
*Single Family Homes (Broward): Median Sales Price: $615,000 Median Time to Contract: 38 Days
Median Time to Sale: 79 Days Months Supply of Inventory 4.7 Months
*Townhouses/Condos (Broward): Median Sales Price: $285,000 Median Time to Contract: 58 Days
Median Time to Sale: 98 Days Months Supply of Inventory: 9.8 Months