What Sellers Should Know

• Home prices continue to rise. The median sold price increased to $646,500, up 15.7% from August 2025.
• The average sold price reached $1.36 million, a 22.6% increase year over year.
• Fewer homeowners are listing their properties, with new listings down 9.5% from last year.
• Homes are selling faster, averaging 51 days on market, compared to 70 days last year.

What Buyers Should Know

• Inventory has improved compared to recent years, giving buyers more choices.
• Sellers are receiving about 95% of their asking price, meaning there is still some room for negotiation.
• Higher-priced properties continue to drive much of the market activity.

Bottom Line for Single-Family Homes

✅ Prices remain strong
✅ Homes are selling more quickly
✅ Buyers have more opportunities than during the peak seller’s market years
✅ Well-priced homes continue to attract attention quickly

🏙️ Condo & Townhome Market Highlights

What Sellers Should Know

• Condo and townhome prices showed significant growth.
• The median sold price climbed to $589,000, up nearly 42% from a year ago.
• The average sold price increased to $756,400, up 27.3% year over year.
• New listings fell sharply, down almost 39% compared to August 2025.

What Buyers Should Know

• Sales activity slowed, with condo and townhome sales down 23.6% from last year.
• Properties are spending about 69 days on market, giving buyers more time to evaluate options.
• Sellers typically received about 94% of their asking price, leaving room for negotiations.

Bottom Line for Condos & Townhomes

✅ Prices remain on an upward trend
✅ Buyers have increased negotiating power
✅ Inventory levels offer more selection than in recent years
✅ Sellers need strong pricing and presentation to stand out

📈 Fort Lauderdale Market Takeaway