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South Florida Real Estate Market Update – Q2 2025

Updated: 5 days ago

Aerial view of South Florida coastline with city buildings; text reads "South Florida Real Estate Market Update – Q2 2025, Broward & Miami-Dade Counties."

Back in May, we shared our Broward County Market Update for Q1 2025, where inventory remained tight and sellers still had the upper hand. Fast forward to Q2, and while inventory is up year-over-year in both Broward and Miami-Dade, sellers are still holding firm on pricing.


By analysing this South Florida real estate market update Q2 2025 we notice the key difference is that properties with unrealistic asking prices are staying on the market longer, making strategic pricing more important than ever if serious about selling.



Why Q2 2025 Demands Smarter Pricing?


The market is evolving. Buyers have more homes to choose from compared to last year, but they are still willing to pay strong prices for well-presented properties. Sellers who price correctly from the start are winning—closing deals faster and often at list price. Meanwhile, those who overestimate their home’s value are experiencing longer days on market and are forced into price cuts.


This is the time for sellers to be strategic, realistic, and proactive. Pricing isn’t just about what you want for your home or what you believe it is worth; it’s about reading the market, understanding comparable sales, and positioning your property to stand out.



Broward County Real Estate Market – Q2 Snapshot


Broward County Q2 2025 housing data: Single-family sales 3,194, median price $627,500, inventory 5,897. Condos sales 3,007, price $275,000.

  • Inventory: Broward ended Q2 2025 with 5,897 active listings for single-family homes, up 35% from Q2 2024. For condos and townhouses, active inventory reached 11,686 listings, a 31% increase compared to last year.

  • Median Price: The median single-family home price is $627,500, showing a 0.4% decline year-over-year. Condos and townhouses have a median price of $275,000, down 3.5% from Q2 2024.

  • Closed Sales: Broward recorded 3,194 closed single-family home sales (down 11%) and 3,007 condo/townhouse sales (down 20%).






Line graph of Broward County closed sales from Q1 2020 to Q2 2025. Peaks at Q2 2021, declines after, with slight recovery by Q2 2025.

Miami-Dade Real Estate Market – Q2 Snapshot


Miami-Dade Q2 2025 real estate data: Single-family homes (sales: 2,791, price: $675k, inventory: 5,669) and condos (sales: 2,920, price: $440k).

  • Inventory: Miami-Dade ended Q2 2025 with 5,669 active listings for single-family homes, up 44% year-over-year. Condos and townhouses saw active inventory rise to 13,046 listings, up 36% from Q2 2024.

  • Median Price: The median single-family home price is $675,000, an increase of 3.8% year-over-year. For condos and townhouses, the median price reached $440,000, up 3.5% compared to last year.

  • Closed Sales: Miami-Dade recorded 2,791 closed single-family home sales (down 11%) and 2,920 condo/townhouse sales (down 20%) year-over-year.

Line graph shows Miami-Dade County closed sales from Q1 2020 to Q2 2025, peaking in Q2 2021, with overall declining trend. Blue line on white background.

What This South Florida Real Estate Q2 2025 Market Report Means for Sellers?


Start with a Market-Driven Price Your first listing price sets the tone for how buyers perceive your property. Homes priced at or just below market value generate the most interest and often achieve stronger offers in less time.


Invest in Presentation Professional photography, staging, and strategic marketing can dramatically influence how quickly your home sells. Buyers in 2025 are savvy—they’re looking for move-in-ready homes with modern upgrades.


Be Flexible When Needed While sellers are still in control, being flexible with small concessions or offering incentives like closing cost credits can help seal a deal faster—especially in a market where inventory is climbing.



Couple walking arm in arm in a sunny parking area, wearing casual clothes. Background: modern white building, green palm trees, relaxed mood.

Is This a Buyer’s Market? Not Yet.


Despite the inventory increase, this is not yet a buyer’s market. Sellers are still achieving strong prices when homes are well-priced and properly marketed. However, buyers are starting to gain a little negotiating power, especially with properties that have been on the market longer or condos with high inventory. It’s a noticeable shift from the high-intensity bidding wars of 2024.



Looking Ahead to Q3 2025


As we move into Q3, inventory is likely to continue rising modestly, particularly in new condo developments. Price growth is expected to stabilize, with fewer dramatic spikes. Sellers who remain strategic and responsive to current conditions will continue to see success, while buyers will benefit from having more options without a market slowdown.


According to this South Florida real estate market report Q2 2025 conditions remain strong, but Q2 2025 highlights the need for smarter pricing and sharper presentation. Sellers who adapt to these shifts are still in a position to achieve great outcomes.



At REsource - The Real Estate Source Company, we specialize in helping sellers navigate this dynamic market with data-driven strategies. Whether you’re ready to list your home or want to understand its current market value, we’re here to guide you every step of the way.


Contact us today for a personalized market report or a no-obligation consultation!

📞 Tel: (954) 347-4167

 
 
 

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