Fort Lauderdale June 2025 Area Report

The following is a real estate market report for Fort Lauderdale, detailing sales activity, trends, and statistics for single-family homes and condos/townhouses as of June 2025.

Summary:

Single Family Homes Sales Overview

The single-family homes market has experienced a decline in sales and prices compared to last year. Key metrics indicate a significant drop in both the number of sales and average prices, reflecting a challenging market environment.

• Number of Sales: 146 (down 13.53% from last year)
• New Listings: 293 (down 14.83% month-to-date)
• Median Sales Price: $575,000 (down 13.53% year-over-year)
• Average Sales Price: $967,893 (down 25.3% year-over-year)
• Median Days on Market: 53 (up 39.47% year-over-year)
• List/Sold Price Ratio: 95.2% (down 0.67% from last year) ​

Condo/Townhouse Market Overview

The condo/townhouse market has also seen a decrease in sales and prices, with notable declines in both new listings and sold properties. This trend suggests a tightening market for these types of properties.

• Number of Sales: 167 (down 10.31% from last year)
• New Listings: 310 (down 24.21% month-to-date)
• Median Sales Price: $435,000 (down 10.31% year-over-year)
• Average Sales Price: $641,687 (down 7.15% year-over-year)
• Median Days on Market: 70 (up 27.27% year-over-year)
• List/Sold Price Ratio: 93.2% (down 2.02% from last year) ​

Year-to-Date Market Trends

Year-to-date statistics reveal a consistent decline in both single-family homes and condo/townhouse sales, indicating a broader trend in the real estate market.

• Year-to-Date Sold Listings for Single Family Homes: 818 (down 12.98% from last year)
• Year-to-Date Sold Listings for Condo/Townhouse: 890 (down 7% from last year)
• Year-to-Date Median List Price for Single Family Homes: $672,500 (up 7.64% from last year)
• Year-to-Date Median List Price for Condo/Townhouse: $449,950 (down 9.83% from last year)

Market Dynamics and Inventory Insights

The market dynamics show an increase in the average days on market, suggesting a shift towards a buyer’s market. The absorption rate indicates a need for sellers to be competitive.

• Average Days on Market for Single Family Homes: 70 (no change year-over-year)
• Average Days on Market for Condo/Townhouse: 93 (up 24% year-over-year)
• Months Supply of Inventory: Indicates a need for a competitive pricing strategy for sellers.
• Higher absorption rates suggest a more aggressive approach is necessary for sellers to attract buyers.

Conclusion

The report highlights significant trends in the residential real estate market, with declines in sales and prices for both single-family homes and condos/townhouses. For further insights and personalized information, contact me, I’m always available to talk.