Real Estate Market Update – June 2025

📈 What’s Happening in northeast Broward County

The past year has been a dynamic one for the South Florida housing market. Single family homes inventory is rising steadily, giving buyers more options and breathing room, while sellers are adjusting to longer days on market and greater competition. Let’s break down what’s happening across five key cities in northeast Broward —Coconut Creek, Wilton Manors, Pompano Beach, Oakland Park, and Fort Lauderdale—and what it means for buyers and sellers alike.

🏡 Inventory Is Rising

Across the board, active inventory has increased :

• Coconut Creek: up from 65 to 95 listings (+46%)
• Wilton Manors: up from 92 to 121 (+31%)
• Pompano Beach: up from 259 to 347 (+34%)
• Oakland Park: up from 163 to 212 (+30%)
• Fort Lauderdale: up from 814 to 1000 (+23%)

This steady growth in listings is revealing a shift toward a balanced market heading toward a buyer-favored market in Coconut Creek, with Fort Lauderdale, Oakland Park, Wilton Manors and Pompano Beach already in a market that favors buyers. Inventory levels* in these cities are between 9.2 and 6.9 months.

More homes on the market mean more choices for buyers—and a need for sharper strategy from sellers.

*Inventory levels means that at the current rate of sale there are enough homes to sell for that number of months. So at 9 months of inventory, at the current rate of sale, it will take Wilton Manors 9 months to run out of homes to sell.

📉 Closed Sales Mixed, but Trending Stable

While inventory surged, closed sales held relatively steady or even increased slightly. This could be the result of prices improving as a result of the growing competition. And it is important to keep in mind that the amount of closed sales did not keep up with the amount of new homes for sale thus increasing the amount of homes for sale in 4 of the 5 featured cities.

• Coconut Creek saw a small dip (from 26 to 23), but still healthy activity
• Wilton Manors jumped from 14 to 17—a 21% gain, albeit in a niche market
• Pompano Beach grew from 43 to 56 sales
• Oakland Park rose from 31 to 38
• Fort Lauderdale moved from 113 to 119 sales

This stability in closed transactions—despite the growing inventory—signals that buyers are still active, but have become more selective and price-conscious.

🕒 Months Supply of Inventory (MSI) Is Rising—Significantly

MSI—the measure of how long it would take to sell all homes on the market at the current pace—has been steadily increasing. This is one of the clearest indicators of a market shift:

• Coconut Creek: from 3.0 to 4.1 months
• Wilton Manors: from 6.9 to 9.2 months
• Pompano Beach: from 5.1 to 7.2 months
• Oakland Park: from 5.2 to 6.9 months
• Fort Lauderdale: from 6.4 to 8.3 months

Generally, a 6-month supply indicates a balanced market. Anything above that leans in favor of buyers. These rising MSI figures mean homes are sitting longer and sellers are having to work harder to stand out.

💡 What This Means for Sellers

If you’re considering selling in today’s market, strategy is everything:

• Price realistically from the start. Overpricing leads to longer time on market and eventual price reductions.
• Stage and prep your home. Buyers now have the luxury of being picky.
• Understand your competition. With more homes available, you must offer value—whether that’s through price, condition, location, or incentives.
• Be open to negotiation. Buyers are successfully negotiating closing costs, repairs, and even interest rate buydowns.

Bottom line: The market is still active, but it rewards well-prepared and competitively priced listings.

🔑 What This Means for Buyers

For buyers, this market brings more choices, more negotiating power, and less urgency:

• Take your time—but not too much. The best homes still move fast, especially if they’re move-in ready and priced right.
• Negotiate with confidence. With sellers adjusting expectations, you may secure price reductions, concessions, or incentives.
• Get pre-approved. Sellers are still evaluating offers seriously, and financing strength matters.
• Focus on long-term value. Look for well-located homes with solid fundamentals, especially in cities like Oakland Park and Pompano Beach, where upward investment trends are emerging.

🔍 Neighborhood Highlights

• Wilton Manors has one of the highest Months Supply numbers at 9.2, signaling a strong buyer’s advantage. That said, closed sales increased the most percentage-wise, showing that when homes are priced right in this niche market, they move.
• Coconut Creek remains relatively balanced with an MSI just over 4. It’s ideal for those seeking a quieter suburban feel with steady value.
• Pompano Beach and Oakland Park are showing stable sales growth and continued development interest, making them attractive for buyers and long-term investors.
• Fort Lauderdale remains robust in terms of activity—but with rising inventory and MSI, the luxury and mid-range segments are softening.

📣 Final Takeaway: It’s Time for Smart Moves

We are in a strategic market. Whether you are buying or selling strategy is very important. With the right information you can make the most informed and smartest decision for you and your future.

If you wan to talk about the right strategy for you 📲 call or text me at 954-280-4636 or click here to book a personalized consultation at at my Calendly.