August 2025 Southeast Florida Housing Market Report: Pending Sales, Prices & Trends
Key Takeaways for August 2025
- Single-family pending sales rose 4.7%, while condo/townhome pending sales increased 0.9%.
- Median single-family home prices climbed 2.3% in Miami-Dade (14th straight August increase), with Broward leading at 3.1%.
- Luxury condo sales ($1M+) surged 10.8% in Miami-Dade and 15.4% in Broward.
👉 [Download the full August 2025 Southeast Florida Housing Market Report here.]
Buyer Momentum Strengthens in Miami & South Florida
Pending sales across Southeast Florida showed signs of renewed growth in August 2025, driven by declining mortgage rates, strong job creation, and continued migration.
- Mortgage rates eased from July to 6.59% in August 2025, ahead of the Fed’s September rate cut.
- The Fed cut rates by 25 basis points, with two more cuts expected by year-end and another in 2026.
- MIAMI Realtors® projects a 5% rebound in single-family sales in 2026 as rates stabilize near 6%.
County-Level Pending Sales Breakdown
Single-Family Pending Sales (August 2025 vs. August 2024)
- Miami-Dade: -0.5%
- Broward: +5.6%
- Palm Beach: +7.7%
- Martin: +3.3%
- St. Lucie: +7.1%
Condo/Townhome Pending Sales (August 2025 vs. August 2024)
- Miami-Dade: -7.2%
- Broward: -0.3%
- Palm Beach: +6.0%
- Martin: +27.9%
- St. Lucie: +50.0%
đź“Ś Notable Trend: While overall condo/townhome transactions remain softer, million-dollar condos are surging, with double-digit sales growth in Miami-Dade (+10.8%) and Broward (+15.4%).
Inventory Trends: Declining From Mid-2025 Highs
After peaking mid-year, active inventory is now falling, signaling stronger absorption rates:
- Single-Family Homes: Miami-Dade (-3%), Broward (-7%), Palm Beach (-12%), Martin (-19%), St. Lucie (-16%).
- Condos/Townhomes: Miami-Dade (-3%), Broward (-10%), Palm Beach (-14%), Martin (-24%), St. Lucie (-18%).
This declining inventory suggests increased competition heading into late 2025.
Home Prices: Gains in Single-Family, Discounts in Condos
- Single-Family Median Prices (YoY):
- Miami-Dade: +2.3% (14th straight August gain)
- Broward: +3.1%
- Palm Beach: +2.0%
- Martin: +0.9%
- St. Lucie: -1.2%
- Condo/Townhome Median Prices (YoY):
- Miami-Dade: -1.2%
- Broward: -9.9%
- Palm Beach: -9.5%
- Martin: -20.7%
- St. Lucie: -9.6%
📉 Sellers of condos are offering larger discounts to clear inventory, while single-family homes remain resilient, especially in Broward and Palm Beach.
Outlook: What’s Next for South Florida Real Estate?
With mortgage rates easing, steady job growth, and migration above pre-pandemic levels, the South Florida housing market is positioned for steady growth in 2026.
Expect:
- Stronger single-family demand.
- Continued momentum in luxury condo sales.
- Tighter inventory, fueling buyer competition.
Miami market relevance
If this topic impacts buyers or sellers, the most useful context is what is happening locally. Track current pricing, inventory, and days on market in Miami, and compare active listings by building or neighborhood before making decisions.