Understanding current real estate market trends in Fort Lauderdale can help homebuyers, sellers, and investors make more informed decisions. This market update breaks down the latest performance data for condominiums and single-family homes in Fort Lauderdale, Florida, highlighting key differences in pricing, inventory, and time on market.
February Condo Market Update: Fort Lauderdale
Fort Lauderdale’s condo market is currently in a state of transition, with inventory rising and sales activity maintaining a steady pace.
• Months Supply of Inventory: 12.71
A higher supply suggests a market with greater buyer choice and more competition among listings.
• Year-Over-Year Inventory Growth: +40.6%
This significant increase in available units could lead to longer marketing times and the need for more strategic pricing.
• Median Days on Market: 58 days
Condos are selling at a moderate pace, giving buyers time to evaluate options while sellers should focus on presentation and pricing.
• Sold to List Price Ratio: 94.4%
Condos are selling relatively close to list price, showing continued demand even with increased inventory.
• Median Sold Price: $572,500
This price point appeals to a wide range of qualified buyers looking for convenience, amenities, and location within Fort Lauderdale.
Overall, the condo segment presents strong opportunities for buyers and a competitive environment for sellers, who should emphasize value and professional marketing to attract attention.
February 2025 Single-Family Home Market Update: Fort Lauderdale
The single-family housing market in Fort Lauderdale continues to demonstrate strong pricing and steady demand, with less volatility than the condo segment.
• Months Supply of Inventory: 6.91
A balanced figure indicating stable market conditions with a reasonable level of available homes.
• Year-Over-Year Inventory Growth: +12.91%
This slight increase suggests a slow but manageable rise in housing supply.
• Median Days on Market: 58 days
Homes are moving at a consistent pace, matching the condo segment in timing.
• Sold to List Price Ratio: 95.4%
Sellers are achieving close to full asking price, reflecting continued buyer interest and fair pricing strategies.
• Median Sold Price: $796,000
This segment serves qualified buyers seeking additional space and privacy in a desirable South Florida location.
The single-family market in Fort Lauderdale remains resilient, with stable pricing and a good balance between supply and demand.
Condos vs. Single-Family Homes: Key Differences in Fort Lauderdale Real Estate
When comparing the two housing segments:
• Inventory Levels: Condos have nearly double the inventory of single-family homes, creating more choice for buyers and more competition for sellers.
• Pricing Power: Single-family homes are achieving slightly higher percentages of asking price and carry a higher median price overall.
• Market Activity: Both segments are averaging 58 days on the market, indicating stable buyer interest across property types.
Both markets offer opportunities, but conditions vary. Buyers may find more flexibility in the condo market, while sellers of single-family homes continue to benefit from strong demand and favorable pricing conditions.
Need help navigating the Fort Lauderdale housing market? Whether you’re buying, selling, or investing, I’m here to provide expert insight and local market knowledge tailored to your needs. Reach out today for a complimentary consultation.
Data provided by Realtor’s Property Resource® LLC. Information deemed reliable but not guaranteed. This content is intended for general informational purposes and complies with all Fair Housing regulations. All individuals are entitled to equal opportunity in housing, regardless of race, color, religion, sex, handicap, familial status, or national origin.
