Miles Brookins Real Estate Advisor

🏡 South Florida Real Estate Market – March 2025 Snapshot 📊

Market conditions are shifting across Broward, Miami-Dade, and Palm Beach Counties, with notable trends:

🔹 Inventory is surging across all counties and property types — up 28% to over 43% year-over-year — giving buyers more options and increasing months of supply significantly.

🔹 Median home prices are mixed:

Broward SFH: +4.6% ⬆

Miami-Dade SFH: +3.1% ⬆

Palm Beach SFH: -2.3% ⬇
Condos/townhouses mostly declined in price across the board.

🔹 Sales are slowing down, especially in the condo/townhouse segment, with double-digit drops in Broward and moderate declines in Miami-Dade and Palm Beach.

🔹 Homes are taking longer to sell — median days to contract increased in all counties, indicating a cooling market.

📌 Takeaway: The market is rebalancing, with rising inventory, longer selling times, and more leverage for buyers — especially in the condo segment.

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Whether you're looking to buy or sell, make sure you’re not fooled by too-good-to-be-true deals—work with a pro who knows the market inside and out!

What’s the craziest real estate story you’ve heard lately? Drop it in the comments! ⬇😆