Broward County Monthly Market Report - March March 2025 | Page 20

Monthly Market Detail- March 2025 Townhouses and Condos Broward County
New Listings Inventory

New Listings by Initial Listing Price

The number of properties put onto the market during the month
Economists ' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value— and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
500 450 400 350 300 250 200 150 100 50 0
Economists ' note: There are a number of ways to define and calculate Inventory. Our method is to simply count the number of active listings on the last day of the month, and hold this number to compare with the same month the following year. Inventory rises when New Listings are outpacing the number of listings that go off-market( regardless of whether they actually sell). Likewise, it falls when New Listings aren ' t keeping up with the rate at which homes are going off-market.
2,500 2,000 1,500 1,000
500
Less than $ 50,000
March 2024 March 2025
$ 50,000- $ 99,999
$ 100,000- $ 149,999
$ 150,000- $ 199,999
March 2024 March 2025
$ 200,000- $ 249,999

Inventory by Current Listing Price

The number of property listings active at the end of the month
$ 250,000- $ 299,999
Initial Listing Price New Listings
Percent Change Year-over-Year
Less than $ 50,000 8 0.0 % $ 50,000- $ 99,999 82 192.9 % $ 100,000- $ 149,999 255 18.6 % $ 150,000- $ 199,999 395 3.9 % $ 200,000- $ 249,999 303-10.6 % $ 250,000- $ 299,999 279-3.1 % $ 300,000- $ 399,999 419 9.7 % $ 400,000- $ 599,999 431 6.7 % $ 600,000- $ 999,999 192 0.0 % $ 1,000,000 or more 109 6.9 %
$ 300,000- $ 399,999
$ 400,000- $ 599,999
Current Listing Price
$ 600,000- $ 999,999
Inventory
$ 1,000,000 or more
500 450 400 350 300 250 200 150 100 50 0
Percent Change Year-over-Year
Less than $ 50,000 4 N / A $ 50,000- $ 99,999 355 290.1 % $ 100,000- $ 149,999 1,532 85.0 % $ 150,000- $ 199,999 2,005 45.6 % $ 200,000- $ 249,999 1,603 34.6 % $ 250,000- $ 299,999 1,405 35.6 % $ 300,000- $ 399,999 1,787 41.2 % $ 400,000- $ 599,999 1,798 41.9 % $ 600,000- $ 999,999 955 14.1 % $ 1,000,000 or more 709 21.4 %
2,500 2,000 1,500 1,000 500
0
Less than $ 50,000
$ 50,000- $ 99,999
$ 100,000- $ 149,999
$ 150,000- $ 199,999
$ 200,000- $ 249,999
$ 250,000- $ 299,999
$ 300,000- $ 399,999
$ 400,000- $ 599,999
$ 600,000- $ 999,999
$ 1,000,000 or more
0
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Thursday, April 24, 2025. Next data release is Thursday, May 22, 2025.