South Florida’s residential real estate market has shown strong signs of recovery in recent months, with notable increases in sales volume and shifting trends across the region’s counties. Data collected by the Miami Association of Realtors through the Multiple Listing Service indicated that total dollar volume reached $4.3 billion in September 2025, up from $3.8 billion in September 2024. Miami condo sales saw an 18 percent rise in dollar volume, Broward single-family homes increased by 13 percent, and Palm Beach total sales grew by 22 percent over the same period.
The positive momentum continued into October 2025, with a year-over-year regional increase of 14 percent in total dollar volume. Miami single-family home dollar volume rose by 14 percent, Broward condo closings were up by 11 percent, and Palm Beach single-family home sales jumped by 33 percent.
In the luxury segment for October, Palm Beach experienced a significant rise in demand for homes priced above $1 million, with a 33.1 percent increase in sales. Miami followed with a 27.2 percent gain, while Broward County saw a decline of 2.3 percent for similar properties.
Sales of homes valued at more than $10 million are projected to approach record levels set during the pandemic-driven market surge of 2021.
Despite these gains, challenges remain for certain sectors such as Miami condos. Since 2015, prices have increased overall; however, median prices dropped by about 3.6 percent year-over-year—from $415,000 to $400,000—reflecting ongoing shifts within this segment.
This column is produced by the Master Brokers Forum, an invitation-only network composed of South Florida real estate professionals recognized for high production standards and ethical conduct.
