South Florida Condo Sales Increase at the End of 2025

South Florida’s real estate market posted its strongest sales month of 2025 in September, with both Miami-Dade and Broward counties reporting year-over-year increases in single-family home and condo sales. The data, released by the Miami Association of Realtors, shows that declining mortgage rates are drawing buyers back into the market after months of slower activity.

Sales Activity

In Miami-Dade, condo sales totaled 904 in September, up from 903 in August and 883 a year ago. Single-family home sales reached 865, down slightly from 885 in August but up from 809 a year ago.

Broward County saw 973 condo sales in September, down marginally from 974 in August but up from 922 a year ago. Single-family home sales totaled 1,048, up from 1,015 in August and 928 a year ago.

The data indicates that buyer activity is increasing compared to the prior year, though month-to-month changes remain modest.

Pricing Trends

Miami-Dade’s median condo sale price held steady at $420,000 in September, matching the year-ago price. Single-family home prices increased 1.8% year-over-year to $665,000, up from $653,400 a year ago.

In Broward County, the median condo sale price was $275,000 in September, down 2.3% from $281,500 a year ago. Single-family home prices rose 1.8% year-over-year to $626,500, up from $615,325 a year ago.

The contrast between flat or declining condo prices and rising single-family home prices suggests different demand dynamics between the two property types.

Inventory Levels

Inventory has increased in both counties. Miami-Dade currently has 6.5 months of single-family home inventory, up from 5.1 months a year ago, and 14 months of condo inventory, up from 10 months a year ago.

Broward County has 5.4 months of single-family home inventory, up from 4.6 months a year ago, and 11.6 months of condo inventory, up from 8.7 months a year ago.

A balanced market typically consists of six to nine months of inventory. Anything below that level benefits sellers, while higher inventory levels benefit buyers. The data shows that single-family homes in both counties remain near balanced market conditions, while condo inventory is elevated, giving buyers more leverage.

Market Factors

The Miami Association of Realtors attributes the improved sales activity to declining mortgage rates, which have encouraged buyers who had been waiting on the sidelines. New condo listings have declined for five consecutive months, and active listings are not growing as quickly as earlier in 2025. The slowdown in new supply is expected to put upward pressure on prices over time.

Hot condo markets in Miami-Dade include Kendall, Kendall Lakes, and Hialeah. In Broward, Miramar, Plantation, and Davie are seeing strong condo activity.

What the Data Means for Investors and Developers

The September sales data suggests that South Florida’s real estate market is finding its footing after a period of adjustment. Single-family homes are showing modest price gains and steady demand, while condos face softer pricing but improving sales volume.

For investors, the elevated condo inventory presents opportunities to negotiate favorable terms, particularly in markets where supply exceeds demand. However, the declining rate of new listings suggests that inventory may stabilize in the coming months, which could support price recovery.

Developers planning new projects should consider current inventory levels and buyer preferences. Single-family homes continue to show stronger price growth, while condo projects may face longer absorption periods depending on location and pricing.

The data also highlights the importance of local market knowledge. Performance varies significantly between Miami-Dade and Broward counties, and within those counties, specific submarkets show different patterns of demand and pricing.

Financial Planning for South Florida Real Estate

Market shifts create both challenges and opportunities for real estate investors and developers. Understanding pricing trends, inventory levels, and buyer behavior is critical to making informed decisions about acquisitions, development projects, and portfolio management.

At James Moore, we work with real estate professionals across South Florida to address the financial and tax complexities of property investments. From cash flow analysis to tax planning and property accounting, our team provides the support you need to make data-driven decisions.

Connect with our real estate team to discuss how we can help you address the financial considerations of South Florida’s real estate market.

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