Broward County May 2025 Market Update

The real estate market is currently showing a healthy balance between supply and demand with a Months Supply of Inventory of 8.26. This suggests that there is a fairly even distribution of homes available for sale compared to the number of buyers in the market.

Over the past year, there has been a slight increase in inventory with a 12-Month Change in Months of Inventory of 0.39%. This could indicate a trend towards a more buyer-friendly market, giving potential buyers more options to choose from.

Homes are spending an average of 51 days on the market before being sold, which is a relatively quick turnaround time. This could be attributed to the competitive nature of the market and the high demand for homes in the area.

The Sold to List Price Percentage of 0.96% suggests that homes are selling for very close to their asking price. This could indicate that sellers are pricing their homes accurately and buyers are willing to pay close to the list price in order to secure a property.

The median sold price of $475,000 reflects a strong market with steady appreciation in home values. This could be appealing to sellers looking to capitalize on the current market conditions.

Overall, the data suggests a balanced and competitive real estate market, with opportunities for both buyers and sellers to achieve their goals. Buyers may have more options to choose from, while sellers may benefit from strong demand and rising home values.

Contact me for expert guidance in this competitive market.

Christel Renaud | Christel Miami Luxury Living

954-399-3378| [email protected]