Current market data, trends, and insights to help you make informed real estate decisions.
The South Florida real estate market remains one of the strongest in the nation, buoyed by robust population growth, favorable tax policies, and continued demand from domestic relocators and international buyers. While the pace of appreciation has moderated from the frenetic highs of previous years, the market fundamentals remain solid with low inventory supporting stable or rising prices across most segments.
Median Sale Price
$625,000
+8.2% YoYActive Inventory
1,247
-12.4% YoYDays on Market
23
-5 days YoYSale-to-List Ratio
98.6%
+1.3% YoYNew Listings
892
+3.7% YoYClosed Sales
634
+6.1% YoYThe current market continues to favor sellers, with demand outpacing supply across most price points and neighborhoods. Limited inventory is driving competition among buyers, resulting in multiple-offer situations and sale prices consistently at or above asking. Properties that are well-priced and properly prepared are selling within the first two weeks of listing.
While mortgage rates have stabilized compared to previous years, they remain a key factor in buyer affordability. Higher rates have shifted some buyers from conventional to adjustable-rate mortgages and have modestly reduced purchasing power. However, strong employment and wage growth continue to support demand, particularly in the mid-tier market segment.
The luxury market (homes above $1.5M) is performing exceptionally well, driven by out-of-state migration, international buyers, and strong equity gains among existing homeowners. Waterfront and gated community properties continue to command premium prices with relatively short marketing times.
New construction starts have increased modestly as builders respond to demand, but supply chain considerations and rising material costs continue to limit the pace of development. Newly built homes are commanding premiums of 10-15% over comparable resale properties, and pre-construction opportunities are generating significant buyer interest.
Median Price
$1,250,000
YoY Change
+9.4%
Avg DOM
18 days
Median Price
$1,800,000
YoY Change
+11.2%
Avg DOM
21 days
Median Price
$650,000
YoY Change
+7.8%
Avg DOM
26 days
Median Price
$2,100,000
YoY Change
+6.5%
Avg DOM
32 days
Median Price
$1,400,000
YoY Change
+8.9%
Avg DOM
19 days
Median Price
$580,000
YoY Change
+10.1%
Avg DOM
22 days
Moderate growth of 5-8% expected over the next 12 months, driven by continued demand and limited inventory. Price appreciation may decelerate slightly as rates adjust.
Inventory levels are expected to remain below historical averages but may see modest improvements as new construction delivers and some homeowners choose to list before potential market shifts.
Strong population growth, favorable tax climate, and remote work flexibility continue to drive migration into the market. International buyer activity is expected to increase as global economic conditions stabilize.
Rental demand remains robust, supporting strong yields for investment properties. Emerging neighborhoods offer the best appreciation potential for investors willing to look beyond established areas.
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