Monthly Market Detail- May 2025 Townhouses and Condos Broward County
Closed Sales
Closed Sales by Sale Price
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.
250 200 150 100 50
May 2024 May 2025
Sale Price Closed Sales
Percent Change Year-over-Year
Less than $ 50,000 2 N / A $ 50,000- $ 99,999 60 50.0 % $ 100,000- $ 149,999 133-0.7 % $ 150,000- $ 199,999 134-31.6 % $ 200,000- $ 249,999 118-35.5 % $ 250,000- $ 299,999 109-26.8 % $ 300,000- $ 399,999 160-32.8 % $ 400,000- $ 599,999 178-22.3 % $ 600,000- $ 999,999 83-27.2 % $ 1,000,000 or more 37-27.5 %
250 200 150 100 50
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 |
Median Time to Contract
Median Time to Contract by Sale Price
The median number of days between the listing date and contract date for all Closed Sales during the month
Economists ' note: Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and / or declining numbers of cash sales.
140 120 100 80
60
40 20 0 Less than $ 50,000
May 2024 May 2025
$ 50,000- $ 99,999
$ 100,000- $ 149,999
$ 150,000- $ 199,999
$ 200,000- $ 249,999
$ 250,000- $ 299,999
Sale Price
$ 50,000- $ 99,999 83 Days 112.8 % $ 100,000- $ 149,999
Median Time to Contract
Percent Change Year-over-Year
Less than $ 50,000 129 Days N / A
74 Days 32.1 % $ 150,000- $ 199,999 42 Days-19.2 % $ 200,000- $ 249,999 73 Days 52.1 % $ 250,000- $ 299,999
68 Days 70.0 % $ 300,000- $ 399,999 59 Days 25.5 % $ 400,000- $ 599,999 53 Days 71.0 % $ 600,000- $ 999,999 52 Days 13.0 % $ 1,000,000 or more 94 Days 30.6 %
$ 300,000- $ 399,999
$ 400,000- $ 599,999
$ 600,000- $ 999,999
$ 1,000,000 or more
140 120 100
80 60 40 20 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 Monday, June 22, 2025. Next data release is Wednesday, July 23, 2025.