South Florida Condo Snapshot: Market Stats + Insights for Selling in April 2025

Condo Market Snapshot

The South Florida condo market is shifting, and if you’re a condo owner or potential seller in Miami-Dade, Broward, or Palm Beach County, understanding these changes is key to a successful sale. Across all three counties, inventory is up, buyer activity is slowing, and pricing is softening—a clear sign that we’ve entered a more buyer-friendly market. While this might sound challenging, with the right pricing strategy and market-savvy preparation, condos will well.

In Miami-Dade County, the median sale price for condos held relatively steady at $445,000 (up 0.2% year-over-year), but closed sales fell by 21%, and the average time to contract has stretched to 61 days. Inventory is stacking up with 13.7 months of supply—well above a balanced market. Similarly, Broward County saw closed sales drop 19%, while inventory rose to 12.4 months. The median sale price there dipped slightly to $280,000, and median time to contract increased to 57 days. Palm Beach County also felt the slowdown, with a 14% drop in closed sales, a median price of $320,000, and an inventory supply of 10.4 months. As inventory continues to pile up, prices will likely continue to fall.

What This Means For Condo Owners Thinking Of Selling

What does this mean for sellers? In a high-inventory, slower-moving market, strategic pricing is more important than ever. Homes that are priced too high risk languishing without offers. But those that are competitively priced—and presented well with strong marketing —can still sell efficiently. The data shows that while prices are softening, homes that are priced correctly are still selling close to list price (91–93% of original list price across counties).

Selling a condo in today’s South Florida market requires thoughtful planning and a clear understanding of current conditions. With rising inventory and longer time on market, it’s important for sellers to focus on accurate pricing, strong presentation, and a strategy that reflects how buyers are making decisions right now.

If you’re thinking about selling, consider connecting with a real estate professional who understands the local market dynamics and can help guide you through each step—from setting the right price to navigating offers and negotiations. A clear, well-informed plan can make all the difference in this shifting environment.

Learn more here.

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