SOUTH FLORIDA
Home Sales Down, Average Price Up
Home sales are down 8.2% year over year, with August 2025 at 5,732 compared to 6,243 last August. Sales are down across all categories.
- Single families: 3,238 (2024) | 3,035 (2025)
- Condos & Townhomes: 3,005 (2024) | 2,697 (2025)
Average sale price increased 6.4% year-over-year, now at $750,793.18 compared to $705,890.56 in August 2024. Prices increased across all categories.
- Single families: $920,511 (2024) | $978,166 (2025)
- Condos & Townhomes: $474,629 (2024) | $494,925 (2025)
Homes Listed For Sale in South Florida:
The number of homes listed is down by 12.9% when compared to August 2024.
- 2025: 9,077
- 2024: 10,427
- 2023: 9,710
Pending Home Sales in South Florida:
The number of homes placed under contract is up by 1.9% when compared to August 2024.
- 2025: 6,283
- 2024: 6,165
- 2023: 7,235
August 2025 Home Data by County
Housing Data for Broward County, Miami-Dade County, Palm Beach County.
Market data provided by SunStats then compared to the prior year.
What’s Happening in the South Florida Market?
- In August 2025, national home sales remained at the same level as July, with a -0.2% change month over month from July. According to NAR Chief Economist Lawrence Yun, “Home sales have been sluggish over the past few years due to elevated mortgage rates and limited inventory. However, mortgage rates are declining and more inventory is coming to the market, which should boost sales in the coming months.”
- South Florida home sales decreased 6.3% year over year, and average prices increased 6.3%, mostly due to new construction and high end, luxury condo sales.
- As reported by Mortgage News Daily, mortgage rates ended August around 6.5%. September is ending in the 6.37% range, following a mid-September low of 6.13%. Because rates often change, buyers should update their pre-approvals accordingly.
- Buyers, don’t dismiss homes that have been on the market longer—seasonal trends often affect selling times, and these properties can still be great opportunities to explore.
- Buyers are being choosy, so for sellers, pricing right and showcasing your home well are key to standing out and building buyer interest.
- August saw more homes go under contract as mortgage rates dipped, but overall sales were down even as prices for many single-family homes inched higher.