Prices, Trends, and What It Means for Buyers and Sellers
By Anthony Spitaleri, Davie Real Estate Specialist
Broward & Davie Market at a Glance
Davie and greater Broward County continue to show resilience and growth in 2025, making this a key moment for local buyers and sellers to take advantage of trending opportunities.
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Total home sales in Broward increased 7% year-over-year in October 2025. Single-family transactions rose 4%, and condo sales jumped 11%, showing renewed confidence across all sectors.
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Single-family home median sale price: $611,250 (down 0.61% YOY, but up 110.8% from October 2015, reflecting remarkable long-term appreciation).
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Condo median sale price: $259,000 (down 7.5% YOY, but up 99% over the last decade).
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Affordable condos ($150,000–$199,000): Sales surged 14% in October.
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$1M+ luxury homes and condos: Both saw volume increases, attracting more high-end buyers and investors.
Buyer’s and Seller’s Market Trends
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Single-family inventory now sits at 5.5 months, favoring sellers.
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Existing condo inventory is at 11.7 months—officially a buyer’s market. If you’re shopping for a condo in Davie, you have negotiating power.
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Active listings are growing moderately (+12% YOY), but new listings are trending down, so competition for new inventory may heat up soon.
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Median percent of original list price received:
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Single-family homes: 94%
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Condos: 92%
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Most sales are closing close to list price, indicating a healthy, competitive market.
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Mortgage Rates and Economic Impact
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Mortgage rates dropped after the first Fed cut, now averaging 6.25% for a 30-year fixed in October. Lower rates may increase buyer activity through year-end, improving affordability for Davie residents.
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Each Broward home sale generates an average $129,000 in local economic impact, fueling job creation and wealth building for the community.
Cash Sales & Equity Gains
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Cash sales represented 37% of Broward transactions (52% of condos), much higher than the national average, reflecting strong interest from relocating buyers, investors, and international clients.
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Long-term equity gains remain strong:
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Single-family homes up 110% since 2015
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Condos up 99% in the same period
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Homeowners’ median net worth projected to reach $430,000 in 2025, nearly 43x higher than renters.
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Tips for Buyers
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Condo inventory and price drops offer great leverage, negotiate for better deals or upgrades.
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Watch for lower mortgage rates to unlock more buying power.
Advice for Sellers
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Single-family homes remain in demand, with most selling quickly and near list price.
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Leverage strong long-term appreciation when considering whether to sell or refinance.
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Luxury home and condo sales are rising
Final Thoughts & Next Steps
Davie and Broward’s real estate market are both healthy and dynamic as 2025 closes. Whether buying, selling, or investing, now is the moment to get expert, local guidance tailored to your goals.
Ready for a custom market report or home value analysis? Contact Davie Realtor Anthony Spitaleri today.
Schedule your free consultation
