The South Florida residential real estate market has shown strong signs of recovery in recent months, with notable increases in total dollar volume and sales across key counties. According to Multiple Listing Service data from the Miami Association of Realtors, the region’s 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 increase in dollar volume, Broward single-family homes climbed by 13 percent, and Palm Beach experienced a 22 percent rise in total sales year-over-year.
October figures indicate that this upward trend continued, with a regional year-over-year increase of 14 percent in total dollar volume. The data show that Miami single-family home dollar volume rose by 14 percent, Broward condo closings increased by 11 percent, and Palm Beach single-family home sales jumped by 33 percent compared to the previous year.
Luxury home sales above $1 million varied across counties in October. Palm Beach reported a significant jump of 33.1 percent for these properties, while Miami saw a 27.2 percent increase. In contrast, Broward’s luxury segment declined by 2.3 percent during the same period.
At the current pace, South Florida is expected to approach its record number of $10 million-plus home sales for the calendar year—just shy of the peak set in 2021 when pandemic-driven trends dramatically altered market conditions.
While Miami condo prices have risen significantly since 2015, with an overall increase noted over the past decade, challenges remain as median prices fell by about 3.6 percent year-over-year—from $415,000 to $400,000.
This report is produced by the Master Brokers Forum, an invitation-only network composed of top-performing real estate professionals recognized for their ethical standards and production records.