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:

We are entering a new real estate 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 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

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792