Broward County Monthly Market Report - May March 2025 | Page 12

Closed Sales
Monthly Market Detail- August 2025 Townhouses and Condos Broward County
Summary Statistics
August 2025
August 2024
Percent Change Year-over-Year
Closed Sales Paid in Cash
974 1,109-12.2 % 506 525-3.6 %
Median Sale Price $ 247,700
$ 275,000-9.9 %
Average Sale Price Dollar Volume
$ 323,534 $ 334,439-3.3 % $ 315.1 Million $ 370.9 Million-15.0 %
Median Percent of Original List Price Received
91.0 % 93.8 %-3.0 %
Median Time to Contract 74 Days 56 Days 32.1 %
Median Time to Sale
114 Days
99 Days
15.2 %
New Pending Sales New Listings
1,091 1,783
1,088 0.3 %
2,065-13.7 %
Pending Inventory 1,459 Inventory( Active Listings) 11,070 Months Supply of Inventory 11.9
1,572-7.2 % 9,190 20.5 % 8.3 43.4 %

Closed Sales

The number of sales transactions which closed during the month
Economists ' note: Closed Sales are one of the simplest— yet most important— indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales( and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes( i. e. comparing a month ' s sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.
Month
Closed Sales
Percent Change
Year-over-Year
Year-to-Date
August 2025
7,643
974
-15.3%-12.2%
July 2025
1,047
-7.5%
June 2025
908
-15.0%
May 2025
1,014
-24.0%
April 2025
1,085
-19.2%
March 2025
1,070
-10.6%
February 2025
789
-20.0%
January 2025
756
-11.6%
December 2024
936
-8.7%
November 2024
819
-18.8%
October 2024
881
-23.5%
September 2024
922
-17.8%
August 2024
1,109
-10.0%
2,500
2021 2022 2023 2024 2025
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 A M J J A
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 Tuesday, September 23, 2025. Next data release is Thursday, October 23, 2025.