Fort Lauderdale May 2025 Area Report • Annette Dammeyer

Fort Lauderdale May 2025 real estate statistics have been released.

Fort Lauderdale Area Reports

Single Family Homes

Condominium & Townhouses

Fort Lauderdale Real Estate Market Overview

The Fort Lauderdale real estate market has experienced significant changes in sales activity and pricing trends over the past year. Both single-family homes and condo/townhouse markets show a decline in sales volume, while prices have generally increased.

Summary:

Single Family Homes Sales Activity

Sales of single-family homes in Fort Lauderdale have decreased significantly compared to last year. The median sales price has risen, indicating a shift towards higher-value properties.

Number of sales decreased from 212 in May ’24 to 139 in May ’25, a drop of 34.43%.
New listings fell from 375 in May ’24 to 288 in May ’25, a decrease of 23.2%.
Median sales price increased by 23.95%, from $536,500 to $665,000.
Average sales price rose by 14.83%, from $1,091,613 to $1,253,547.
Average days on market increased from 61 to 72 days, an 18.03% rise.

Condo/Townhouse Market Trends

The condo/townhouse market in Fort Lauderdale has also seen a decline in sales, with a slight increase in median prices. This indicates a competitive market despite fewer transactions.

Number of sales decreased from 187 in May ’24 to 134 in May ’25, a decline of 28.34%.
New listings dropped from 456 in May ’24 to 321 in May ’25, a decrease of 29.61%.
Median sales price increased by 7.42%, from $465,000 to $499,500.
Average sales price decreased by 6.19%, from $679,928 to $637,825.
Average days on market increased from 73 to 99 days, a rise of 35.62%.

Market Summary and Key Statistics

The overall market summary highlights the trends in listings, sales, and pricing for both single-family homes and condos/townhouses. The data reflects a tightening inventory and rising prices.

Total new listings for single-family homes year-to-date: 1,898, down 3.27% from last year.
Total sold listings for single-family homes year-to-date: 794, down 13.98% from last year.
Total new listings for condos/townhouses year-to-date: 2,612, down 9.15% from last year.
Total sold listings for condos/townhouses year-to-date: 789, down 5.32% from last year.
The list/sold price ratio for single-family homes is 95.7%, while for condos/townhouses it is 94.1%.

Commonly asked questions while reviewing the reports:

What is the difference between “Median Sales Price” and “Average Sales Price”?

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.

Average Sales Price | Average sales price for all properties sold.

What does “Absorption Rate” mean?

Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.

Single Family Home Area Report listed first, Condo/Townhouses listed second: