S
outh Florida’s real‑estate market is moving toward a buyer‑friendly balance. After the “COVID‑19 sizzle” that spurred a surge in inventory, prices have steadied, prompting experts to label the market as a potential buyers’ advantage. Mike Pappas, CEO of Keyes Co., notes the market is “digesting a more fluid and even‑keeled environment” amid higher rates.
Key drivers include a 12% drop in new listings in Miami, Fort Lauderdale, and West Palm Beach, while active inventory climbs. The 30‑year fixed mortgage rate fell to 6.3%, its lowest in a year, and single‑family prices remain stable despite fewer transactions. Redfin’s Nikkolene Byron calls it “definitely a buyers’ market.”
Inventory trends vary across counties. Broward’s single‑family supply rose 19% from August 2024 to August 2025 (4,604 to 5,489 homes), still below the yearly increase seen earlier. Jonathan Lickstein, president of the Broward, Palm Beaches and St. Lucie Realtors, says the market is “more balanced” and buyers hold stronger leverage. Palm Beach saw an 8% rise (5,257 to 5,702 homes). Median sale prices edged up 3% in Broward and 2% in Palm Beach.
Pappas stresses that submarkets differ—Parkland versus Coral Gables, Lighthouse Point versus Boca Raton—so local analysis matters. If inventory keeps climbing, sellers will be forced to lower prices, reinforcing buyer advantage. Many sellers, citing high expectations or lack of motivation, have pulled listings, temporarily constraining supply.
Looking ahead, Pappas is optimistic for 2026, predicting steady price growth rather than a sharp spike. Buyers ready to act now can benefit from the current inventory surge and favorable rates.
