April 2025 South Florida Housing Report

SOUTH FLORIDA

Home sales are down 13.8% year over year, with April 2025 at 6,420 compared to 7,448 last April. Sales are down across all categories.

Average sale price increased 9.0% year-over-year, now at $887,191 compared to $813,567 in April 2024. Prices increased across all categories.

The number of homes listed is down by 0.6% when compared to April 2024.

The number of homes placed under contract is down by 17.4% when compared to April 2024.

Housing Data for Broward County, Miami-Dade County, Palm Beach County.

Market data provided by SunStats then compared to the prior year.

In April 2025, national home sales decreased 2.0% compared to a year ago, Following this trend, Florida saw a decrease in homes sold.
According to Mortgage News Daily, April mortgage rates ended around 6.8%. So far in May, rates have been hovering between 6.8% and 7%
South Florida saw a decline in home sales across all property categories. The Wall Street Journal highlights the challenges contributing to this slower-than-usual spring market.
The South Florida real estate market is experiencing increased challenges as the overall slowdown continues, especially in the condo sector. A combination of factors is making it harder to buy and sell compared to other parts of the country, resulting in a noticeable uptick in price reductions throughout the region.
Condo sales are down 18.4% compared to last year. According to the Wall Street Journal, this decline is being fueled by rising ownership costs and stricter regulations in Florida. These changes are also making it harder for many buyers to obtain financing, as lenders grow more hesitant under the new rules.