🏡 In The Know

South Florida Real Estate Market Update – June 2025

By Scott Lehr – The Listing Team at RESF
📍 www.reallistingagent.com

📍 MIAMI-DADE COUNTY MARKET OVERVIEW

🏢 Townhomes & Condos

Miami’s condo and townhome segment saw a 12.9% decline in closed sales compared to last year, dropping from 1,085 to 945. Despite the drop in volume, the median sale price climbed to $445,000—a 6% increase YoY, reflecting strong demand in higher-end markets or possibly smaller inventory in lower-price tiers.

Key Miami Condo Stats (June 2025):

🧾 Median Price: $445,000 (▲ 6.0%)
📉 Closed Sales: 945 (▼ 12.9%)
💰 Cash Buyers: 466 (▼ 13.9%)
🕒 Time to Contract: 68 days (▲ 36%)
🏘️ Active Listings: 13,046 (▲ 36.1%)
📦 Months of Inventory: 14.1 months (▲ 58.4%)

🔎 Insight: While more inventory is entering the market, buyers are taking longer to make decisions. Sellers must price competitively and be patient.

🏠 Single-Family Homes

Sales of Miami-Dade single-family homes fell 7%, but median prices still rose to $670,000 (▲ 2%). Inventory grew 44%, and the months of supply increased to 6.6, suggesting a transition toward a buyer-friendlier market.

Key Miami SFH Stats (June 2025):

💵 Median Price: $670,000 (▲ 2.0%)
📉 Closed Sales: 898 (▼ 7.0%)
💰 Cash Buyers: 231 (▼ 2.9%)
🕒 Time to Contract: 42 days (▲ 50%)
🏘️ Active Listings: 5,669 (▲ 44.3%)
📦 Months of Inventory: 6.6 months (▲ 50%)

📌 Takeaway: Homes are staying on the market longer, but pricing is still holding strong. Sellers must focus on standout marketing and smart staging.

📍 BROWARD COUNTY MARKET OVERVIEW

🏢 Townhomes & Condos

Broward County condos experienced a 15% drop in closed sales, and unlike Miami, median prices dipped to $269,950 (▼ 6.1%). This signals more negotiating room for buyers, especially those with cash or flexible closing timelines.

Key Broward Condo Stats (June 2025):

🧾 Median Price: $269,950 (▼ 6.1%)
📉 Closed Sales: 908 (▼ 15.0%)
💰 Cash Buyers: 481 (▼ 13.0%)
🕒 Time to Contract: 63 days (▲ 40%)
🏘️ Active Listings: 11,686 (▲ 30.7%)
📦 Months of Inventory: 12.3 months (▲ 55.7%)

🎯 Tip for Buyers: Use the growing inventory and longer days on market to your advantage in negotiations.

🏠 Single-Family Homes

Broward’s single-family home sales fell by nearly 10%, with median prices easing slightly to $629,950 (▼ 1.6%). However, average prices rose—indicating activity in the upper price brackets. Inventory is up significantly, giving buyers more leverage.

Key Broward SFH Stats (June 2025):