April 21, 2025 – The latest numbers are in, and here’s what’s happening right now in Broward County’s single-family housing market:
Inventory has ticked up slightly, giving buyers more options to choose from. There are currently 5,608 active listings, with 651 new homes hitting the market over the past two weeks—including 460 brand new listings, 30 coming soon, and 97 homes returning to market after previous deals fell through.
The median price for a single-family home has nudged up from $745,000 to $749,000, while the average days on market remains at 86 days. Sellers are certainly feeling the pressure:
- 589 homes lowered their prices over the last two weeks, while only 35 raised their asking price.
- For every two homes that went under contract, almost one failed to close.
(Specifically: 287 homes closed, while 249 deals fell through.)
What Does This Mean for Buyers and Sellers?
✅ Buyers — This is your opportunity. With increased inventory, steady price reductions, and a high number of failed contracts, you’re in a strong position to negotiate favorable terms. If you’ve been waiting for the right time to act, this window could be your advantage.
✅ Sellers — Strategy is critical right now. With only half the homes successfully selling, pricing, marketing, and preparation are more important than ever. You need more than just a listing—you need a plan.
If you require a guaranteed closing or want to avoid costly mistakes, it’s time to get expert help.
At the Dawes Team, we specialize in selling homes faster and for top dollar—even in shifting markets like this.
Curious what this means for your personal situation?
📩 TEXT the word MARKET to 954-807-1489 to schedule a strategy session today.
Let’s make sure you’re on the winning side of the market shift.
