Broward County Monthly Market Report - March March 2025 | Page 7

Monthly Market Detail- March 2025 Single-Family Homes Broward County

New Pending Sales

The number of listed properties that went under contract during the month
Economists ' note: Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale.
Month
New Pending Sales
Percent Change
Year-over-Year
Year-to-Date
3,335
-6.9%
March 2025
1,179
-10.0%
February 2025
1,118
-9.8%
January 2025
1,038
0.6 %
December 2024
698
-7.2%
November 2024
890
6.2 %
October 2024
945
-6.7%
September 2024
1,060
4.2 %
August 2024
1,116
-6.6%
July 2024
1,210
-1.8%
June 2024
1,212
0.2 %
May 2024
1,301
-0.8%
April 2024
1,354
-0.8%
March 2024
1,310
-4.2%
2,500
2021 2022 2023 2024
Pending Sales
2,000 1,500 1,000
500 0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M

New Listings

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.
Month
New Listings
Percent Change
Year-over-Year
Year-to-Date
5,318
9.8 %
March 2025
1,798
7.5 %
February 2025
1,675
6.4 %
January 2025
1,845
15.5 %
December 2024
1,105
10.1 %
November 2024
1,385
7.6 %
October 2024
1,464
-7.2%
September 2024
1,471
2.5 %
August 2024
1,625
8.5 %
July 2024
1,578
8.8 %
June 2024
1,599
4.9 %
May 2024
1,819
17.7 %
April 2024
1,767
31.5 %
March 2024
1,672
14.6 %
2,500
2021 2022 2023 2024
New Listings
2,000 1,500 1,000
500
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
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.