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

Closed Sales
Monthly Market Detail- July 2025 Townhouses and Condos Broward County
Summary Statistics
July 2025
July 2024
Percent Change Year-over-Year
Closed Sales Paid in Cash
1,047 1,132-7.5 % 569 524 8.6 %
Median Sale Price $ 265,000
$ 272,500-2.8 %
Average Sale Price Dollar Volume
$ 344,801 $ 351,267-1.8 % $ 361.0 Million $ 397.6 Million-9.2 %
Median Percent of Original List Price Received
91.3 % 94.3 %-3.2 %
Median Time to Contract 71 Days 49 Days 44.9 %
Median Time to Sale
108 Days
93 Days
16.1 %
New Pending Sales New Listings
1,064 1,786
1,187-10.4 %
1,992-10.3 %
Pending Inventory 1,423 Inventory( Active Listings) 11,321 Months Supply of Inventory 12.0
1,747-18.5 % 8,988 26.0 % 8.0 50.0 %

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
6,669
-15.7%
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%
July 2024
1,132
-4.6%
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
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, August 21, 2025. Next data release is Tuesday, September 23, 2025.