Statistics in Miami-Dade and Broward JUNIO 2024/2025
Monthly Market Summary- May 2025 Single-Family Homes Miami-Dade County
CONCLUSION
The real estate market is in transition; although prices continue to rise and the supply of inventory increases, sales and demand are declining. This suggests that the market is shifting toward buyers with more options and negotiating power, surprising sellers who must necessarily adjust expectations and strategies regarding pricing and terms.
INFORMATION AND ANALYSIS
In terms of real estate market trends, we saw a 7% decrease, reflecting a slowdown in the closing rate. However, in terms of prices, we saw a slight increase of 2%, indicating that the market is still holding up in terms of value, leaning toward lower-value properties, as the average price decreased by 6.5%.
We have lower total sales volume, down 13.1%, and a 50% increase in closing transactions. We have low immediate demand, with an 11.2% decrease in pending new sales, and pending inventory fell by 18.9%.
Our inventory continues to increase by 44.3%, indicating that there are more options in the market.
Monthly Market Summary- May 2025 Townhouses and Condo Miami-Dade County
CONCLUSION
This sector of the real estate market is going through a correction and cooling phase due to rising inventory, longer closing times, and a drop in transactions, reflecting low demand and interest from buyers, surprising sellers who must necessarily adjust expectations and strategies regarding pricing and terms.
INFORMATION AND ANALYSIS
We found lower sales activity, with closed sales falling sharply by 25.1%. Total dollar volume decreased by 9.5%.
We have stable prices with increases in high-value properties. The median sales price remained stable; however, the average sales price increased 20.8%, suggesting that more high-value properties were sold despite the decrease in total volume.
The median time to contract increased 37.0% and the total time to close increased 19.5%; this indicates that buyers are taking longer to make decisions and complete transactions.
This is considered to be biased toward lower future demand and greater available supply. Pending sales decreased 18.7% in anticipation of a future slowdown, and pending inventory also fell 16.9%.
Active properties in inventory increased 39.5%, and the monthly inventory supply increased 62.8%, showing a clear shift toward a more buyer-friendly market.
Monthly Market Summary- May 2025 Single-Family Homes Broward County
CONCLUSION
In the real estate sector, prices have not seen significant changes, and we can add that some adjustments could be seen due to increased inventory and longer closing times, where buyers have greater opportunity to negotiate price and conditions, and sellers must adjust to market trends.
INFORMATION AND ANALYSIS
In this real estate sector, we have seen lower sales activity, reflecting a slowdown in overall demand. Closed sales decreased by 11.1% and cash payments decreased by 21.7%, indicating less participation from investors or buyers with liquidity.
The average price fell only 1.5%, and the dollar volume decreased 12.4%, reflecting fewer total sales.
The sales process was slower, with the average time to contract increasing by 31.0% and the average time to close increasing by 16.4%.
Active inventory grew by 34.5%, implying a buyer-friendly market with more options and less competition.
Monthly Market Summary- May 2025 Townhouses and Condo Broward County
CONCLUSION
In this market, demand has decreased considerably, inventory has increased considerably, and sales times have been extended. The greatest impact has been on sellers, who have moderated their prices downward, having to improve their properties and be more flexible in negotiations to finalize the deal with the buyer.
INFORMATION AND ANALYSIS
I vn this area of real estate, we see a sharp decline in closed sales, which decreased by 24.0%, and cash payments fell by 28.0%, indicating a significant drop in both traditional and investor buyers.
The median sales price fell by 2.5% and the average price fell by 3.0%, suggesting a downward trend in property values.
Total dollar volume plummeted 26.2%, reflecting the decline in transactions and prices.
Sales were seen as slower, with the average time to purchase increasing by 44.4% and the time to close increasing by 19.0%, considering future activity, leading to a significant decline of approximately 20%.
A sharp increase in active inventory, which grew by 36.5%, indicates that buyers are experiencing less urgency and less demand to purchase.