Broward County Monthly Market Snapshot

Broward’s single-family market in October showed a mix of steady pricing and growing activity. Closed sales edged up to 1,037, a 3.6% increase from October 2024. The average sale price held almost flat at $801,137 (up 0.4%), pushing dollar volume to about $830.8 million, a 4% increase over last year.

At the same time, inventory kept building. Active listings climbed to 5,364 homes, a nearly 12% jump year-over-year, and months’ supply of inventory rose to 5.5 months, up 17% from last October, showing a more market. New listings ticked up 3.3% to 1,512, while new pending sales surged 18.4% to 1,119, signaling that buyers are still active but have more options to choose from. Homes are also taking longer to go under contract and close, giving buyers more time to decide and putting pressure on sellers to price strategically.

“We’re seeing Broward move closer to a balanced market,” says Jonathan Lickstein, President of the Broward, Palm Beaches & St. Lucie Realtors®. “Inventory is up, homes are taking a bit longer to sell, and prices are essentially flat year-over-year. That gives buyers more room to compare options and negotiate, but it also means sellers need a smart pricing strategy from day one. A local Realtor® understands the trends street by street and can help you navigate this market with confidence.”