Condo sales are up: What the numbers say about the South Florida housing market
Miami-Dade and Broward real estate posted their best sales month of the year in September as total single-family homes and condo sales in both counties all grew year-over-year, according to statistics released by the Miami Association of Realtors.
In Miami-Dade, if you compare September to August, a month ago, condo sales went up slightly. In Broward, condos sales declined slightly.
![[ South Florida Condo Sales Sept. 2025] (Table)](https://datawrapper.dwcdn.net/jzWcF/full.png)
“There is a lot of pent-up demand for Miami real estate and declining mortgage rates are convincing more buyers to come off the sidelines,” Miami Chairman of the Board Eddie Blanco said in a statement. “New listings for condos have declined for five consecutive months and active listings aren’t growing as fast as they were earlier in the year. We know lower supply puts upward pressure on prices. The long-term data continues to reflect South Florida’s enduring appeal and strong value trajectory.”
Said Broward-Miami President Larry Singh: “Fort Lauderdale and Broward County real estate continue to attract domestic and global homebuyers.”
Broward’s hot condo markets included Miramar, Plantation and Davie, according to the real estate agents.
Miami-Dade’s hot condo markets include Kendall, Kendall Lakes and Hialeah.
Here’s a breakdown of costs and sales in the South Florida housing market in September 2025 compared to the same period a year ago:
What is the median sale price of a condo?
Miami-Dade: $420,000 in September, up from $410,000 in August. Holding even with a year ago.
Broward: $275,000 in September, up from $247,700 in August. Down from $281,500 a year ago.
What is the median sales price of a single-family house?
Miami-Dade County: $665,000 in September, up from $655,000 in August. Up from $653,400 a year ago.
Broward County: $626,500 in September, up from $625,000 in August. Up from $615,325 a year ago.
How much did prices change from a year ago?
Miami-Dade: Up 1.8% for houses, flat for condos.
Broward: Up 1.8% for houses, down 2.3% for condos.
How many single-family houses sold?
Miami-Dade: 865 in September, down from 885 in August. Up from 809 a year ago.
Broward: 1,048 in September, up from 1,015 in August. Up from 928 a year ago.
What were total condo sales?
Miami-Dade: 904 in September, up from 903 in August. Up from 883 a year ago.
Broward: 973 in September, down from 974 in August. Up from 922 a year ago.
What is the housing inventory in South Florida?
Miami-Dade: 6.5 months of houses, up from 5.1 months a year ago; 14 months of condos, up from 10 months a year ago.
Broward: 5.4 months of houses, up from 4.6 months a year ago; 11.6 months of condos, up from 8.7 months a year ago.
Note: A balanced market consists of six to nine months of inventory, with anything below benefiting sellers and anything above benefiting buyers.
This story was originally published October 24, 2025 at 5:17 AM.
