South Florida’s residential real estate market has shown notable growth in recent months, according to data compiled from multiple industry sources. The region saw a significant increase in total dollar volume for September 2025, reaching $4.3 billion compared to $3.8 billion the previous year. This represents a 13 percent rise, based on figures collected by the Miami Association of Realtors through Multiple Listing Service data.
Miami’s condo market experienced an 18 percent jump in dollar volume, while Broward County’s single-family home sales rose by 13 percent. Palm Beach County led with a 22 percent increase in total sales year-over-year.
October continued this upward trend with a 14 percent annual increase in total dollar volume across South Florida. Miami single-family homes recorded a 14 percent boost in dollar volume; Broward condo closings went up by 11 percent; and Palm Beach single-family home sales surged by 33 percent.
The luxury segment showed mixed results across counties for October. In Palm Beach, sales of homes priced at over $1 million increased by 33.1 percent, and Miami followed closely with a 27.2 percent gain. However, Broward County’s luxury home sales declined by 2.3 percent during the same period.
Sales of homes valued at more than $10 million are projected to approach record levels for the calendar year—just under the peak of 444 transactions set in 2021 when pandemic-related trends significantly impacted the market.
Since 2015, Miami condo prices have risen considerably, though challenges remain as median prices fell by about 3.6 percent over the past year—from $415,000 to $400,000.
This information is produced by the Master Brokers Forum, an invitation-only network of leading real estate professionals in South Florida known for high production standards and ethical conduct.
