August 2025 South Florida Market Report

Inside Broward & Miami-Dade Real Estate Trends

South Florida’s housing market continued its gradual normalization this August as Broward and Miami-Dade Counties saw declining sales volume and longer times to contract. Prices held firm in most single-family segments, while rising inventory opened up more opportunities for buyers.

🏡 Single-Family Market Overview

Broward County: Closed sales fell 12.6% year-over-year, but the median sale price climbed to $625,000. Average sale prices rose 10% — reflecting resilient buyer demand in upper-tier neighborhoods like Weston, Coral Springs, and Fort Lauderdale.

Miami-Dade County: Sales declined 8.2% while median prices increased modestly to $655,000. High-end areas such as Coral Gables, Pinecrest, and Miami Beach continued to lift the overall price averages, which reached $1.15 million.

🏢 Condo & Townhome Insights

South Florida’s condo market showed early signs of recalibration. Broward’s median condo price slipped 9.9% to $247,700, while Miami-Dade dipped slightly to $410,000. With inventory up more than 40%, buyers now enjoy more negotiating power and greater selection.

💵 Cash Sales Remain Steady

Despite higher interest rates, nearly one in four single-family transactions across South Florida closed in cash. This ongoing trend highlights investor confidence and out-of-state migration from high-tax markets. Miami-Dade reported 23% of single-family homes sold for cash, while Broward logged 22%.

📈 Inventory & Market Balance

Inventory growth continued to define August’s market. Broward now holds 5.7 months of supply for single-family homes and 11.9 months for condos. Miami-Dade rose to 6.4 and 14 months, respectively — signaling a move toward balance after years of seller advantage.

As homes take longer to sell, with median time-to-contract up nearly 50% year-over-year, pricing strategy and marketing presentation have never been more crucial.

🔍 Expert Perspective

“South Florida is moving into a sustainable rhythm,” notes Scott Lehr of The Listing Team at RESF. “We’re seeing healthy buyer caution, motivated sellers, and a better balance between supply and demand — a strong sign of long-term market health.”

Compared to the feverish pace of 2021–2023, today’s landscape allows more informed decisions, creative deal-making, and value-driven investment. Expect continued stability in pricing through Q4 2025 with potential seasonal upticks heading into winter.

📍 Request Your Custom Home Valuation — see how your property compares in today’s Broward or Miami-Dade market.

💬 Work with The Listing Team at RESF for expert representation across Fort Lauderdale, Miami, and surrounding communities.