South Florida Real Estate Market: Q1 2025 Overview
- alexsteinhardt9
- May 14
- 2 min read
South Florida Real Estate Market: Q1 2025 Overview
As of the first quarter of 2025, the South Florida real estate market is exhibiting signs of stabilization following the rapid growth experienced during the pandemic. Inventory levels are increasing, providing buyers with more options, while price appreciation continues, albeit at a more moderate pace.
Palm Beach County Market Highlights
Sales Volume: Total sales dollar volume in Palm Beach County surged 25.45% year-over-year to $1.6 billion in January 2025. Single-family home sales accounted for $1.2 billion, a 26.74% increase, while condo sales volume climbed 22.01% to $407 million. The World Property Journal+1BRG International+1BRG International+1The World Property Journal+1
Inventory Growth: Active listings increased by 32.5% year-over-year, with single-family home listings growing by 25.22% and condo inventory spiking 38.69%. The months’ supply of inventory for single-family homes stood at 5.5 months, favoring sellers, while the condo market tilted toward buyers with a 9.7-month supply. MIAMI REALTORS®+2BRG International+2The World Property Journal+2
Cash Transactions: Cash sales represented 56.2% of all closed transactions in Palm Beach County in January 2025, nearly double the national average of 29%. Cash buyers dominated the condo market, accounting for 67% of all condo sales, while 48% of single-family homes were purchased with cash. BRG International+1MIAMI REALTORS®+1
Broward County Market Trends
Median Prices: Median listing prices have adjusted slightly downward year-over-year, making homeownership more accessible for buyers, especially in Broward and Palm Beach counties. Fir
Inventory Expansion: Inventory remains strong across all three counties, with active listings increasing significantly—Broward leading with a 49% year-over-year growth—giving buyers a broader selection of properties to choose from. Fir
Market Balance: The expansion in inventory, combined with rising new listings, signals a market that is balancing itself, encouraging healthy competition and negotiation. Fir
Market Outlook
Looking ahead, the South Florida real estate market is expected to maintain its current trajectory, with inventory levels continuing to rise and price growth moderating. Buyers will benefit from increased choices and less competition, while sellers will need to price their properties competitively and be prepared for longer listing times. Overall, the market is evolving towards a more balanced environment, offering opportunities for both buyers and sellers.
For personalized insights and assistance navigating the South Florida real estate market in 2025, feel free to reach out.
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