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Fort Lauderdale August 2026 Area Report
Fort Lauderdale August 2026 real estate statistics have been published.
Single Family Homes
Condominium & Townhouses
As your local Fort Lauderdale REALTOR®, I like to keep our community informed about what’s happening in the housing market in plain English. The latest data shows that while fewer homes and condos are coming on the market, property values remain strong and buyers are still active. Overall, Fort Lauderdale continues to be a healthy and desirable market for both buyers and sellers.
🏡 Single-Family Home Market Highlights
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
The Fort Lauderdale real estate market remains resilient. Home values continue to appreciate across both single-family homes and condos, while inventory levels have improved enough to give buyers more options and negotiating leverage. For sellers, realistic pricing and property presentation are becoming more important as buyers have more choices. For buyers, this may be one of the best opportunities we’ve seen in recent years to enter the market while still benefiting from a growing South Florida economy and strong long-term housing demand.
Whether you’re considering buying, selling, investing, or simply curious about your home’s value, staying informed about local market trends can help you make smarter real estate decisions.
Thinking about making a move in Fort Lauderdale? Let’s connect and discuss your options and goals.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
Fort Lauderdale July 2026 Area Report
Fort Lauderdale July 2026 real estate statistics have been published.
Single Family Homes
Condominium & Townhouses
As a local REALTOR® who follows our market closely, here are the key takeaways from the latest Fort Lauderdale market report. Overall, we’re seeing fewer new listings, rising prices, and improving conditions in the single-family home market, while the condo market continues to offer buyers more choices and negotiating power.
Single-Family Homes: Strong Prices, Less Competition
- New listings were down 25.2% from last July, meaning fewer homes are coming onto the market.
- Sales remained steady with the same number of homes sold as last year.
- The median sold price increased nearly 15% year-over-year, reaching $613,375.
- Homes sold faster, with median days on market dropping from 63 days to 47 days.
- Sellers received about 96.4% of their asking price on average.
What it means: The single-family home market remains resilient. Limited inventory is helping support home values, and well-priced properties are attracting buyers relatively quickly.
Condo & Townhouse Market: More Opportunities for Buyers
- New condo listings fell 36.7% compared to last year.
- Closed sales declined nearly 19% year-over-year.
- Despite slower sales, the median sold price increased 25.7%, reaching $477,500.
- Condos are taking longer to sell, averaging 126 days on market.
- Sellers are receiving about 94% of their asking price.
What it means: Condo buyers have more time to evaluate options and negotiate, while sellers need to focus on competitive pricing and presentation.
Inventory Snapshot
- Single-family homes have approximately 5.7 months of inventory, close to a balanced market.
- Condos have approximately 8.8 months of inventory, giving buyers more leverage.
My Advice to Buyers
If you’re shopping for a home, don’t focus only on headlines about interest rates. In Fort Lauderdale, inventory remains limited for single-family homes, and prices continue to rise. Being prepared and acting quickly on the right property can make a difference. Condo buyers may find more negotiating opportunities and a wider selection.
My Advice to Sellers
The data shows buyers are still purchasing homes, especially in the single-family segment. However, today’s buyers are value-conscious. Strategic pricing, strong marketing, and excellent presentation remain critical to attracting offers and maximizing your sale price.
Bottom Line: Fort Lauderdale’s housing market remains healthy, with home values continuing to appreciate. Single-family homes favor sellers more than condos, while condo buyers enjoy greater inventory and negotiation opportunities. Whether buying or selling, success depends on understanding the unique conditions of your specific neighborhood and property type.
Whether you’re thinking about buying, selling, or simply keeping an eye on your home’s value, the Fort Lauderdale market continues to present opportunities. Single-family homes remain in demand with strong price growth, while the condo market offers buyers more selection and room to negotiate. The key in today’s market is understanding your local neighborhood trends and having a strategy tailored to your goals.
Thinking about your next move? I’d be happy to provide a complimentary market analysis, discuss current opportunities, or answer any questions about our local market. Reach out anytime, and let’s talk about how today’s market conditions can work in your favor.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
August 2026 ~ Permits, Pantries and Staycations!
August 2026 Newsletter
Welcome to Your August 2026 Real Estate & Lifestyle Update!
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As we settle into the heart of summer here in SE Florida, August is the perfect time to focus on the places and spaces we call home. Whether you’re planning a local staycation, tackling long-awaited home improvement projects, or simply looking for fresh ways to organize and refresh your living space, this month’s newsletter is filled with practical tips and insights to help you make the most of the season. Our featured article takes a closer look at one of the most overlooked aspects of home improvement: building permits. Understanding when permits are required, why they matter, and how they can impact your home’s safety, value, and future sale can save homeowners significant time, money, and frustration. I’ll walk you through the basics so you can move forward with confidence on your next project. You’ll also find creative staycation ideas to enjoy everything our beautiful community has to offer, simple strategies for organizing your kitchen pantry, and a look at outdated home features that may be making your property feel less current than it should. And, as always, I’ve included the latest real estate market reports for our local neighborhoods to keep you informed about current trends, home values, and market activity across our area. Thank you for being part of our community. I hope this month’s newsletter provides valuable information, useful inspiration, and a few ideas to help you enjoy the remainder of summer. As always, if you have questions about the local real estate market or your home’s value, I’m just a phone call, text, or email away. Warm regards, Annette |
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National Stories
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Real Estate Updates | Area Reports | June 2026
As always, I’m here to be a resource for you—whether you’re dreaming about your next move, considering updates to maximize your home’s value, or simply looking for trusted guidance along the way. Summer in SE Florida is a beautiful time to pause, enjoy, and plan ahead, and I’d love to support you in making the most of it. If you have questions about the market, your property, or would like a personalized home valuation, please don’t hesitate to reach out. I’m always just a call, text, or email away—and ready to help whenever you need it.
⇒ CONTACT ANNETTE ⇐Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD® Coldwell Banker Realty 901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301 808.747.3686 SL 3535792
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Fort Lauderdale June 2026 Area Report
Fort Lauderdale June 2026 real estate statistics have been published.
Single Family Homes
Condominium & Townhouses
Key Takeaway
The Fort Lauderdale housing market remained active in June 2026, but trends differed significantly between single-family homes and condos/townhomes. Single-family homes saw rising prices and stronger sales activity, while condos experienced lower prices despite increased sales volume.
Single-Family Homes: Strong Seller Market
What Happened in June 2026?
- Home sales increased 21.4% compared to June 2025 (187 homes sold vs. 154).
- New listings fell 21.6%, creating less competition among sellers.
- The median home price rose to $599,000, up 8.9% year-over-year.
- The average sales price jumped 46.1% to nearly $1.3 million, indicating more luxury and waterfront sales.
- Homes sold faster, with average days on market dropping from 85 to 74 days.
What This Means
✅ Buyers are still purchasing despite higher prices.
✅ Inventory is tighter because fewer homeowners are listing properties.
✅ Sellers continue to have leverage, especially in desirable neighborhoods and luxury markets.
✅ Well-priced homes are attracting buyers more quickly than last year.
Condos & Townhomes: More Sales, But Lower Prices
What Happened in June 2026?
- Sales increased 11.8% compared to June 2025.
- New listings dropped 27.7%, reducing available inventory.
- The median condo/townhome price fell 15.7% to $430,000.
- The average sales price declined 9.1% to $630,482.
- Properties took slightly longer to sell, averaging 98 days on market.
What This Means
✅ Condo buyers are finding more negotiating opportunities.
✅ Prices have softened compared to a year ago.
✅ Sales activity remains healthy despite declining prices.
✅ Buyers who were priced out of single-family homes may find more value in the condo market.
Inventory & Market Conditions
Single-Family Homes
- Inventory has tightened significantly.
- Months of supply fell to approximately 6.1 months, close to a balanced market.
Condos & Townhomes
- Inventory remains much higher.
- Months of supply is approximately 9.3 months, giving buyers more choices and negotiating power.
In Plain English
- Single-family homes = stronger seller market
- Condos/townhomes = more balanced to buyer-friendly market
Year-to-Date Highlights (2026)
Single-Family Homes
- Sales are up 12% compared to 2025.
- Median sales price is up 2.5% to $615,000.
- Average sales price is up 10.7%.
Condos & Townhomes
- Sales are up 10% compared to 2025.
- Median sales price is up only 1.1% year-to-date.
- Average sales price is up 7.2% year-to-date despite the June pullback.
Fort Lauderdale Market Outlook
The June 2026 data shows a market that remains active but is becoming more selective. Single-family homes continue to outperform with rising prices, solid demand, and decreasing inventory. Meanwhile, condos and townhomes are offering buyers better opportunities due to softer pricing and more available inventory. Overall, sales activity is increasing across both property types, a positive sign for the Fort Lauderdale real estate market heading into the second half of 2026.
In today’s competitive SE Florida housing market, it’s essential to work with an experienced and knowledgeable real estate professional. If you’d like up‑to‑date market reports for your neighborhood, Fort Lauderdale, or any other SE Florida community, I’d be happy to send them. We can review current trends, discuss the market, and explore how we can work together to achieve your real estate goals. I’m here to support you every step of the way.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
Fort Lauderdale May 2026 Area Report
Fort Lauderdale May 2026 real estate statistics have been published.
Single Family Homes
Condominium & Townhouses
🏡 Single Family Homes – May 2026 Highlights
(Fort Lauderdale)
📈 Price Trends
- Median sales price ↑ 8.81% YoY to ~$663,750
- Average sales price ↑ 17.08% YoY
- Median list price (sold homes) ↑ 4.01%
- Average list price ↑ 19.84%
📉 Inventory & Supply
- New listings ↓ 18.21% YoY
- Year-to-date new listings ↓ 27.54%
- Months of inventory trending around ~6 months (balanced range) based on chart
📊 Sales Activity
- Closed sales ↑ 3.23% YoY
- Year-to-date sales ↑ 7.43%
⏳ Market Speed
- Median days on market ↑ 41.46% (58 days)
- Average days on market ↑ 7.5% (86 days)
💰 Pricing Behavior
- List-to-sale ratio ~94.3% (slightly down YoY)
🏢 Condos & Townhouses – May 2026 Highlights
(Fort Lauderdale)
📉 Price Trends
- Median sales price ↓ 15.31% YoY to ~$440K
- Average sales price ↓ 4.35%
- Median list price (sold units) ↓ 15.16%
- Average list price ↓ 4.21%
📉 Inventory & Supply
- New listings ↓ 33.42% YoY
- Year-to-date new listings ↓ 36.14%
- Months of inventory remains elevated (~9–10 months range)
📊 Sales Activity
- Closed sales ↑ 11.89% YoY
- Year-to-date sales ↑ 8.48%
⏳ Market Speed
- Median days on market ↓ 8.45% (65 days)
- Average days on market ↑ 5.5% (115 days)
💰 Pricing Behavior
- List-to-sale ratio ~94.2% (slightly improved)
🔑 Key Takeaways (Big Picture)
✅ 1. Two Very Different Markets
- Single-family homes: Prices are rising strongly → seller advantage remains
- Condos/townhomes: Prices are declining → more buyer leverage
✅ 2. Inventory Is Driving the Split
- Single-family inventory is tight (fewer new listings) → pushing prices up
- Condo inventory remains higher and more competitive → putting pressure on prices
✅ 3. Buyers Are Still Active
- Sales are up in both segments
- Even with higher rates and pricing shifts, demand hasn’t disappeared
✅ 4. Market Pace Is Normalizing
- Homes are taking longer to sell overall
- Indicates a shift away from the ultra-fast pandemic market to a more balanced environment
✅ 5. Pricing Strategy Matters More Than Ever
- Both markets show ~94% list-to-sale ratios
- Buyers are negotiating → accurate pricing is critical for sellers
🧭 Your Positioning Insight
- 🏡 Single-family market:
“Still strong—but strategic pricing and presentation are key as buyers become more selective.” - 🏢 Condo market:
“Opportunities for buyers are emerging, especially with motivated sellers and softer pricing.”
In today’s competitive SE Florida housing market, it’s essential to work with an experienced and knowledgeable real estate professional. If you’d like up‑to‑date market reports for your neighborhood, Fort Lauderdale, or any other SE Florida community, I’d be happy to send them. We can review current trends, discuss the market, and explore how we can work together to achieve your real estate goals. I’m here to support you every step of the way.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
Fort Lauderdale April 2026 Area Report
Fort Lauderdale April 2026 real estate statistics have been published.
Single Family Homes
Condominium & Townhouses
🏡 Single-Family Homes – Key Highlights
- Prices are rising steadily
- Median sold price: ↑ 3.9% ($597,500)
- Average sold price: ↑ 14.0%
- Inventory is tightening
- New listings: ↓ 28.3% year-over-year
- Sales are holding steady
- Homes sold: ↑ 0.6% (essentially flat)
- Homes are selling faster
- Median days on market: 49 days (↓ ~20%)
- Average days on market: ↓ 8.7%
- Slight negotiation returning
- Sale-to-list price ratio dipped to ~94.3%
🏙️ Condo & Townhouse Market – Key Highlights
- Prices are surging
- Median sold price: ↑ 25.2% ($540,000)
- Average sold price: ↑ 22.7%
- Inventory dropped significantly
- New listings: ↓ 32.7%
- More sales activity
- Homes sold: ↑ 4.3%
- Mixed timing trends
- Median days on market: ↓ 12% (faster)
- Average days on market: ↑ 8.5% (some properties linger)
- Pricing remains strong
- Sale-to-list ratio: ~94% (stable)
📦 Inventory & Supply Trends (Overall Insight)
- Inventory is decreasing across both property types (fewer new listings year-over-year)
- Months of supply is trending near or just above balanced levels (around the 6-month benchmark, per report visuals)
- Sellers are facing more competition than peak frenzy years, but still benefiting from strong pricing
✅ Major Takeaways
- 📈 Prices are rising across the board, especially in the condo market
- 📉 Inventory shortages continue, limiting buyer options
- ⚖️ Sales activity is stable, not surging
- ⏱️ Homes are generally selling faster, especially well-priced ones
- 💬 Negotiation is slightly increasing, but sellers still hold leverage
🧭 Bottom Line: What Kind of Market Is It?
Fort Lauderdale remains a strong but stabilizing seller’s market.
- Sellers: Still have pricing power, but need to be competitive as buyers become more selective
- Buyers: Facing limited inventory and higher prices, but beginning to gain slightly more negotiating room
In today’s competitive SE Florida housing market, it’s essential to work with an experienced and knowledgeable real estate professional. If you’d like up‑to‑date market reports for your neighborhood, Fort Lauderdale, or any other SE Florida community, I’d be happy to send them. We can review current trends, discuss the market, and explore how we can work together to achieve your real estate goals. I’m here to support you every step of the way.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
Fort Lauderdale March 2026 Area Report
Fort Lauderdale March 2026 real estate statistics have been published.
Single Family Homes
Condominium & Townhouses
Fort Lauderdale Real Estate Market Update – March 2026
🏡 Single‑Family Homes Market Highlights
- New listings declined sharply: 248 new listings, down 40.8% year over year
- Sales activity increased: 199 homes sold, up 10.6% compared to March 2025
- Median sold price softened: $575,000, down 5.1% year over year
- Homes are taking longer to sell:
- Median days on market: 61 days (+32.6%)
- Average days on market: 91 days (+30%)
- High-end activity remains strong:
- Average sold price rose 14.8% to $1.46M
- Pricing adjustments evident:
- List-to-sold price ratio dipped to 94.1%
🏢 Condo & Townhome Market Highlights
- Inventory tightened significantly:
- New listings down 42.8% year over year
- Sales remained steady:
- 179 units sold (nearly flat vs. last year)
- Prices continue to rise:
- Median sold price: $460,000 (+7.0%)
- Average sold price: $740,193 (+20.0%)
- Longer selling timelines:
- Median days on market increased to 71 days
- Stable pricing power:
- List-to-sold price ratio held at 94%
📊 Market Trends to Watch
- Inventory is constrained across both property types, especially condos
- Buyers are taking more time, signaling a more balanced market
- Luxury and higher-priced segments remain resilient
- Price growth is strongest in the condo/townhome sector
✅ Quick Market Takeaway
The Fort Lauderdale real estate market in March 2026 reflects a shift toward balance. Fewer new listings and longer days on market indicate cooling momentum, yet strong sales activity and rising average prices—especially in condos—show continued buyer confidence. Sellers benefit most when homes are priced strategically, while buyers are gaining slightly more negotiating power.
In this housing market in SE Florida, you need to work with an experienced and knowledgeable real estate professional. Please contact me if you would like to be sent updated market reports for YOUR specific neighborhood, Fort Lauderdale, or another SE Florida city. We can discuss the market, current trends and how we can work together to accomplish your real estate goals. I am here to help.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
Fort Lauderdale February 2026 Area Report
Fort Lauderdale February 2026 real estate statistics have been published.
Fort Lauderdale Area Reports
Single Family Homes
Condominium & Townhouses
Fort Lauderdale Real Estate Market — February 2026
The February 2026 Fort Lauderdale real estate market shows contrasting trends between single-family homes and condos/townhomes, driven by declining inventory, shifting buyer behavior, and price stabilization.
Single-Family Homes
Inventory continues tightening, with new listings down 37.5% year-over-year (288 vs. 461). Despite fewer homes available, closed sales increased 5.7%, signaling strong buyer demand. Prices remained relatively stable:
- Median sold price: $722,500 (↓1.7%)
- Average sold price: $1.46M (↑2.87%)
- Median days on market: 51 (↓13.6%)
Sellers maintain an advantage in the mid‑to‑high‑end market, with a 94.9% list-to-sold ratio.
Condo / Townhome Market
The condo market also experienced a sharp decline in new listings (down 36.9%), but sales jumped 11.1% year-over-year, creating upward pressure in certain sub‑markets. Price activity was mixed:
- Median sold price: $477,687 (↓14.7%)
- Average sold price: $710,758 (↓6.3%)
- Days on market: 87 (↑31.8%)
While buyers have more negotiation power due to increasing DOM, the overall reduction in new listings indicates demand remains solid.
Market Snapshot
Across both segments, reduced inventory and consistent buyer activity are creating a competitive landscape, especially for well‑priced, turnkey properties. Luxury and waterfront listings in Fort Lauderdale continue to attract strong interest.
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.
In this housing market in SE Florida, you need to work with an experienced and knowledgeable real estate professional. Please contact me if you would like to be sent updated market reports for YOUR specific neighborhood, Fort Lauderdale, or another SE Florida city. We can discuss the market, current trends and how we can work together to accomplish your real estate goals. I am here to help.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
Fort Lauderdale January 2026 Area Report
Fort Lauderdale January 2026 real estate statistics have been published.
Fort Lauderdale Area Reports
Single Family Homes
Condominium & Townhouses
📊 Fort Lauderdale Market Snapshot — January 2026 Highlights
🏡 Single‑Family Homes
- Inventory is down sharply: New listings fell ~39% year over year, keeping supply tight.
- Prices continue to rise:
- Median sold price increased to $835,000 (+4.4% YoY).
- Average sold price climbed to $1.65M (+5.8% YoY).
- Homes are selling close to list price: Sellers received about 95% of list price on average.
- Market pace is steady:
- Median days on market: 48 days
- Average days on market improved to 71 days (faster than last year).
🏢 Condos & Townhomes
- Significant drop in new listings: Down ~44% year over year, tightening condo inventory.
- Strong price growth:
- Median sold price rose to $430,000 (+12.3% YoY).
- Average sold price jumped to $770,178 (+29% YoY).
- Sales volume slightly lower, but pricing remains resilient.
- Longer selling timeline:
- Average days on market increased to 112 days, indicating buyers are taking more time.
🔑 Overall Takeaway
- Low inventory + rising prices continue to define the Fort Lauderdale market.
- Sellers still hold an advantage, but pricing and presentation matter more than ever.
- Buyers face fewer choices, especially in desirable areas, reinforcing the importance of strategy and timing.
In this housing market in SE Florida, you need to work with an experienced and knowledgeable real estate professional. Please contact me if you would like to be sent updated market reports for YOUR specific neighborhood, Fort Lauderdale, or another SE Florida city. We can discuss the market, current trends and how we can work together to accomplish your real estate goals. I am here to help.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
Fort Lauderdale December 2025 Area Report
Fort Lauderdale December 2025 real estate statistics have been published.
Fort Lauderdale Area Reports
Single Family Homes
Condominium & Townhouses
Fort Lauderdale Real Estate Market Summary – December 2025
December 2025 | Single‑Family Homes & Condos/Townhomes
Overall Market Conditions
- The Fort Lauderdale market shows slower activity, higher prices, and longer selling times, especially for single‑family homes.
- Inventory remains elevated, meaning buyers have more choices and sellers face more competition.
Single‑Family Homes
Key Trends
- Prices are up sharply year‑over‑year
- Median Sold Price: $779,500 (+34% vs. Dec 2024)
- Year‑to‑Date Median Sold Price: $640,000 (+9.4%)
- Fewer homes are selling
- December sales: 154 homes (+7.7% vs. last year)
- Year‑to‑date sales: down nearly 10%
- Homes are taking longer to sell
- Median Days on Market: 48 days (up from 40)
- Average Days on Market (YTD): 84 days
- Sellers are close to asking price
- List‑to‑Sold Price Ratio: 95.3%
What It Means
- Strong pricing favors sellers, but longer market times mean homes must be priced competitively and show well.
- Buyers benefit from more negotiating power than in prior years.
Condo & Townhome Market
Key Trends
- Prices are declining
- Median Sold Price: $395,000 (–4.8% YoY)
- YTD Median Sold Price: $410,000 (–7.9%)
- Sales activity has slowed
- December sales: down 17%
- Year‑to‑date sales: slightly lower than 2024
- Significantly longer selling times
- Median Days on Market: 97 days (up from 64)
- Average Days on Market: 137 days
- More discounts are occurring
- List‑to‑Sold Price Ratio: 94.2%
What It Means
- The condo market is clearly buyer‑favored.
- Pricing pressure and longer timelines suggest strategic pricing is critical for sellers.
- Buyers may find value opportunities, especially compared to single‑family homes.
Inventory & Supply
- The market continues to reflect higher months of supply, especially for condos.
- A “balanced” market is typically around 6 months of supply—current levels indicate increased competition among sellers in many segments.
Bottom Line
- Single‑family homes: Prices are strong, but the pace has slowed. Sellers must stay competitive; buyers have more leverage than in recent years.
- Condos/townhomes: Softer prices, longer selling times, and fewer sales point to a clear buyer’s market.
- Overall: Fort Lauderdale has moved away from the ultra‑competitive pandemic era and into a more normalized, negotiation‑friendly market.
We are in a new housing market in SE Florida. This is the time to work with an experienced and knowledgeable real estate professional. Please contact me if you would like to be sent updated market reports for YOUR specific neighborhood, Fort Lauderdale, or another SE Florida city. We can discuss the market, current trends and how we can work together to accomplish your real estate goals. I am here to help.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
