Broward County Real Estate Market
Deep Dive into May 2025 Trends
Executive Summary: Shifting to a Buyer's Market
The Broward County real estate market is undergoing a significant shift, transitioning from a seller's market to a buyer's market as of May 2025. This change is driven by increasing inventory, longer days on market, and a higher percentage of homes selling at or below asking price, despite a modest year-over-year increase in median sold prices.
Broward Market Pulse: Key Indicators
A snapshot of the most critical metrics shaping the Broward County housing landscape.
Median Sold Price
$458,304
▲ 6.4% YoY
Active Listings (May)
12,758
▲ 8.3% MoM
Homes Sold (May)
1,018
▼ 14.2% MoM
Median Days on Market
72
▲ 43.1% YoY
Price Trends & Market Behavior
While the median sold price continues to rise, the market is showing signs of moderation, with more homes selling at or below their asking price.
Median Sold Price: Year-over-Year Growth
The chart illustrates the continued, albeit moderate, appreciation in the median sold price over the past year, indicating sustained buyer interest despite market shifts.
Sale-to-List Price Ratio (April 2025)
Homes in Broward County are, on average, selling for 96.76% of their original list price, suggesting that buyers have some leverage in negotiations.
Inventory & Sales Dynamics
Increasing inventory across all bedroom counts and a notable drop in monthly sales volume are key indicators of the market's shift, providing more options for prospective buyers.
Homes For Sale by Bedroom Count (MoM Change)
Inventory has increased across all property sizes month-over-month, with 4-bedroom homes seeing the largest percentage jump, offering more choices for larger families.
Homes Sold: Month-over-Month Decline
The significant month-over-month decrease in homes sold indicates a slowing transaction pace, contributing to the growing inventory and longer market times.
Sales Velocity & Buyer Opportunities
The extended time homes spend on the market, coupled with a higher percentage of sales below asking, underscores the current advantage for buyers in Broward County.
Homes Sold Relative to Asking Price (May 2025)
A substantial majority of homes are selling at or below their asking price, providing clear opportunities for buyers to negotiate favorable terms.
Market Shift: Buyer's Advantage
The combination of increased inventory and longer selling times has created a market where buyers have more options and greater negotiating power than in the previous year.
This is a significant change from May 2024, when it was a seller's market.
Rental Market Snapshot
The rental market in Broward County also shows subtle shifts, with a slight year-over-year increase in average rent but a small month-over-month decrease.
Average Rent (April 2025)
$2,522
▲ 1.7% YoY
Rental Price Changes (April 2025)
While the annual trend for rentals is positive, there was a slight dip in average rent from March to April 2025.
Environmental Risk Factors
Understanding potential environmental risks is crucial for long-term property considerations in Broward County.
Flood Risk: Minor
8% of properties at risk of severe flooding over 30 years.
Fire Risk: Moderate
9% of properties at risk of wildfire over 30 years.
Wind Risk: Extreme
100% of properties at extreme risk of severe wind events over 30 years.