Statistics in Miami-Dade and Broward Mayo 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
Closed sales decreased by 14.4%, indicating a slowdown in purchase activity. Even more significant is the 23.9% drop in cash, suggesting less participation from investors or buyers without financing.
Despite less activity, prices continue to grow by 3.8%.
Dollar volume fell 17.5%, reflecting a lower number of transactions.
The sales process has been slower, considering an increase in the average time for each contract by 21.2% and the average time to close by 2.6%.
Inventory offered in the active market increased sharply by 44.0%, with more properties available, thus favoring buyers.
An upcoming slowdown is forecast due to the 134.6% drop in pending sales and a 16.7% drop in pending inventory.
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
In the townhouse housing sector, we are seeing a significant decline in demand, with a significant drop in closed sales, down 25.1%, and cash payments down 23.0%.
The average sales price increased by 20.8%.
Dollar volume decreased by 9.5%, reflecting fewer sales but a selective increase in average prices.
The sales process was slower, with the median time to contract increasing by 37.0% and the median time to close increasing by 19.5%.
Active inventory on the market increased by 39.5%, offering diverse options for buyers in this sector.
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
In 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.
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