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

Monthly Market Detail- May 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.
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
May 2024 May 2025
$ 50,000- $ 99,999
$ 100,000- $ 149,999
$ 150,000- $ 199,999
May 2024 May 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 4-20.0 % $ 50,000- $ 99,999 61 134.6 % $ 100,000- $ 149,999 208 22.4 % $ 150,000- $ 199,999 312-4.3 % $ 200,000- $ 249,999 237-19.1 % $ 250,000- $ 299,999 210-18.6 % $ 300,000- $ 399,999 357-11.9 % $ 400,000- $ 599,999 318-9.7 % $ 600,000- $ 999,999 138-28.5 % $ 1,000,000 or more 87 11.5 %
$ 300,000- $ 399,999
$ 400,000- $ 599,999
Current Listing Price
$ 600,000- $ 999,999
Inventory
$ 1,000,000 or more
450 400 350 300 250 200 150 100 50 0
Percent Change Year-over-Year
Less than $ 50,000 2-33.3 % $ 50,000- $ 99,999 412 303.9 % $ 100,000- $ 149,999 1,554 72.9 % $ 150,000- $ 199,999 2,040 36.4 % $ 200,000- $ 249,999 1,536 26.9 % $ 250,000- $ 299,999 1,360 27.7 % $ 300,000- $ 399,999 1,781 30.5 % $ 400,000- $ 599,999 1,791 38.5 % $ 600,000- $ 999,999 942 11.1 % $ 1,000,000 or more 679 17.3 %
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 Monday, June 22, 2025. Next data release is Wednesday, July 23, 2025.