Statistics in Miami-Dade and Broward july 2024/2025
Monthly Market Summary- July 2025 Single-Family Homes Miami-Dade County
CONCLUSION
The market in July 2025 showed fewer sales and lower volume, with a slight downward adjustment in median prices. However, the average price rose, and the time to sell lengthened significantly, with the supply of properties increasing significantly.
This translates into a slower market with more available inventory, shaping up as a slowdown.
INFORMATION AND ANALYSIS
Closed sales in July 2025 compared to July 2024, along with median prices, saw a slight decrease of 1.5%. In contrast, the average sales price increased by 6.1%.
Sellers received a minimal 2.6% reduction in asking prices, getting almost what they wanted.
The average contract time on the market increased by 51.7%, and the average time to sale increased by 18.1%.
Pending new sales decreased by 7.9%.
Listings decreased by 5%, pending inventory decreased by 12.2%, active inventory increased by 38.9%, and months of supply increased by 50%.
Monthly Market Summary- July 2025 Townhouses and Condo Miami-Dade County
CONCLUSION
The market in July 2025 reflects a sharp slowdown, with fewer sales and lower prices, with the median price falling but average prices rising.
Sales times have lengthened, and supply has increased considerably, allowing buyers to negotiate.
INFORMATION AND ANALYSIS
Closed sales decreased by 17.3%, with median sales prices decreasing by 4.5%. This contrasts with the median sales price, which increased by 15.1%.
The percentage of the original asking price decreased by 2.2%.
Regarding the average time to contract, it increased by 27.5% and the time to pending sale decreased by 6.1%.
Regarding listings, they decreased by 4.2%. Pending inventory decreased by 8.1%, active inventory increased by 31.3%, and months of inventory supply increased by 54.9%.
Monthly Market Summary- July 2025 Single-Family Homes Broward County
CONCLUSION
The market saw fewer transactions in July 2025; although prices have remained stable, projections are still showing financial pressure due to a larger inventory supply and longer lead times. The market is slower and the environment is favorable for buyers' negotiations.
INFORMATION AND ANALYSIS
Closed sales fell 7.2%, with the median sales price down 0.8% and the average price up 0.7%. Total sales volume decreased 5.1%, amid a decline in transaction numbers.
Contract times lengthened by 43%, and the total time to sell increased by 17.4%.
Sellers received a small portion less than the listed price, down 1.6%.
New pending sales decreased 9.3%.
New listings increased 1.7%, with active inventory up 31.3%, as more properties became available.
The number of months to close a contract increased by 36.4%.
Monthly Market Summary- July 2025 Townhouses and Condo Broward County
CONCLUSION
The market in July 2025 shows a cooling, becoming less dynamic and more competitive. There were fewer sales, falling prices, and longer market time. This led to a further increase in inventory offered for sale.
This resulted in a contraction in sales, reflecting a weaker market for sellers and greater negotiation opportunities for buyers.
INFORMATION AND ANALYSIS
Closed sales decreased by 7.5%, with median prices falling by 2.8% and the average price also falling by 1.8%.
Sellers received a 3% lower price than the initial offer.
Contract times increased by 44.9%, while the sales time increased by 16.1%.
New pending sales decreased by 10.4% and new listings decreased by 10.3%, with pending inventory decreasing by 18.5% and active inventory increasing by a sharp 26%, considering a strong 50% growth in inventory.