South Florida’s residential real estate market has seen significant gains in recent months, with new data indicating a strong rebound after a period of stagnation. The Real Deal’s South Florida residential market reports for September and October 2025 highlight this upward trend, as both months posted notable increases in total dollar volume across the region.
According to Multiple Listing Service data from the Miami Association of Realtors, the total dollar volume in September 2025 reached $4.3 billion, marking an increase from $3.8 billion in September 2024. Within this period, Miami condo sales rose by 18 percent, Broward single-family home sales climbed by 13 percent, and Palm Beach reported a 22 percent year-over-year surge in total sales.
The momentum continued into October 2025, with a reported year-over-year increase of 14 percent in total dollar volume. The report noted that Miami single-family home dollar volume jumped by 14 percent, Broward condo closings increased by 11 percent, and Palm Beach single-family home sales leaped by 33 percent.
Luxury homes have shown varied demand across counties. In October, Palm Beach saw a sharp rise of 33.1 percent in sales of houses priced at $1 million or more. Miami also experienced growth in this segment with a 27.2 percent increase, while Broward’s luxury market saw a decline of 2.3 percent.
Sales of homes priced above $10 million are on track to approach the record set in 2021 during the pandemic-driven housing boom.
While Miami condo prices have increased significantly since 2015, challenges remain for this sector as median prices dropped by about 3.6 percent year-over-year—from $415,000 to $400,000.
The column is produced by the Master Brokers Forum, which is composed of leading real estate professionals in South Florida who join by invitation based on production and professional conduct.
