Statistics in Miami-Dade and Broward August 2024/2025
Monthly Market Summary- August 2025 Single-Family Homes Miami-Dade County
CONCLUSION
The August market reflected fewer sales and more time to close transactions, with rising prices and ample supply available, shifting the trend toward a buyers' market.
INFORMATION AND ANALYSIS
This market saw lower activity, decreasing by 8.2%, but saw an increase in the average price of up to 10.7%. Median contract duration increased by 88.9%, and time to sale increased by 30%. The trend reflected a 10.8% drop in new listings, but there remains ample active inventory, with months of inventory up 36.2%.
Monthly Market Summary- August 2025 Townhouses and Condo Miami-Dade County
CONCLUSION
This market is experiencing fewer sales and declining median prices, while average prices for high-value properties are rising. We found that properties are taking longer to close, reflecting less urgency from buyers with more available supply and more time on the market.
INFORMATION AND ANALYSIS
In this market, closed sales fell by 13%. Median sales prices saw a slight decline of 1.2%; however, average sales prices rose by 13.1%, with greater market mobility for higher-value properties. The median time on the market increased by 21.8%. New listings decreased by 10.5%, but active inventory remains stable at 25.2%, with months of inventory increasing by 47.4%.
Monthly Market Summary- August ..2025 Single-Family Homes Broward County
CONCLUSION
In August 2025, the real estate market showed fewer sales, more inventory, and longer closing times, albeit with rising prices at both the median and average levels, suggesting the market is cooling off. However, closed sales are trending upward.
INFORMATION AND ANALYSIS
In this market, closed sales fell 12.6%, with a median sales price up 3.1% and an average selling price of 10.0%. Median contract time increased 46.9%, and time to sell increased 13.7%. Closing times were slower. New pending contracts increased 5.6%, but new listings fell 21.0%, with active available inventory at 19.2% and months of inventory up 26.7%.
Monthly Market Summary-August 2025 Townhouses and Condo Broward County
CONCLUSION
The August 2025 real estate market showed fewer sales and more available inventory. Closing times are lengthening, reflecting a clear cooling in demand. With nearly 12 months of inventory, negotiating power is shifting toward buyers, consolidating a more competitive and complex market environment for sellers.
INFORMATION AND ANALYSIS
In this market, closed sales fell 12.2%, and the median price fell 9.9%, with the average price decreasing 3.3%. Both indicators reflect downward pressure. The median contract time increased 32.1%, and the time to sale rose 15.2%, reflecting the fact that properties are taking significantly longer to sell with lower active demand. New listings decreased 13.7%, and active inventory increased 20.5%, with a 43.4% increase in the number of months in inventory.