February 2025 South Florida Housing Report

SOUTH FLORIDA

Home sales are down 10.6% year over year, with February 2025 at 4,725 compared to 5,284 last February. Sales aredown across all categories.

Average sale price increased 17.3% year-over-year, now at $885,732 compared to $755,351 in February 2024. Prices increased across all categories.

The number of homes listed is up by 0.3% when compared to February 2024.

The number of homes placed under contract is down by 13.1% when compared to February 2024.

Housing Data for Broward County, Miami-Dade County, Palm Beach County.

Market data provided by SunStats then compared to the prior year.

In February 2025, national home sales decreased 1.2% compared to a year ago, Following this trend, South Florida saw a decrease of 10.6% in Home sales
According to Mortgage News Daily, March mortgage rates started in the high 6% range, around 6.7% to 6.8%, and have held steady throughout the month.
Although the average sales price has increased compared to last year, it’s crucial to price your home strategically. Competitive pricing can create more buyer interest and result in higher offers. Here’s a helpful guide on how to price your home.
If you’re buying, it’s important to assess a property’s hurricane risk—considering flood zones, wind ratings, and insurance costs. Here’s what to know before making your move!
South Florida’s market has slowed, with fewer sales and more listings when compared to last year. Prices are rising but more gradually as buyers grow cautious. With inventory growing, the market is shifting toward a more balanced environment.