By Gay Cororaton, MIAMI REALTORS Chief Economist
In July 2025, active inventory of single-family home rose to 6 to 7 months’ supply reflecting a healthy balance of demand and supply: Miami-Dade County (6.6 months’ supply), Broward County (6.0), Palm Beach County (5.5), Martin County (5.6), and St. Lucie County (5.7).
The active inventory of single-family homes as of the end of July 2025 rose in all five counties from one year ago as properties stayed longer on the market and despite fewer new listings in July 2025: Miami-Dade County (+38.9%), Broward County (+31.3%), Palm Beach County (+16.0%), Martin County (+25.6%), and St. Lucie County (+19.7%).
Inventory has built up with properties staying longer on the market compared to one year ago in Miami-Dade County (44 days), Broward County(43 days), Palm Beach County (46 days), Martin County (50 days), and St. Lucie County (52 days).
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Buyers get bigger price discounts with more supply on the market
Buyers continue to gain the upper hand with sellers more willing to accept bigger price discounts in this slow-moving market where inventory continues to build up.
With more inventory and properties staying on the market longer, sellers have been more willing to offer bigger price discounts in July 2025 compared to one year ago in Miami-Dade (6% vs.3%), Broward County (5% vs. 4%), Palm Beach County (6% vs. 6%), Martin County (8% vs.6%), and St. Lucie County (6% vs.4%).
Price discounts were higher among million-dollar home single-family home sales, ranging from 8% in Broward County, 10% in Miami-Dade County, Palm Beach County, and St. Lucie County, and 15% in Martin County.
Hialeah leads list of hot cities in July 2025
MIAMI Realtors® defines a hot market as one with higher closed sales and median sales price from one year ago and with an active inventory of 6 months’ supply or less. Only cities with at least 10 sales are considered in the analysis.
In July 2025, there were 9 areas with hot single-family markets. Most of these hot single-family markets had more affordable prices compared to the county-wide prices.
Miami-Dade County: Hialeah, Cutler Bay, Miami Springs, Golden Glades
Broward County:Lauderdale Lakes
Palm Beach County: Royal Palm Beach, Tequesta
Martin County: Hobe Sound
St. Lucie County: River Park
At the zip code level, there were 19 zip codes with a hot single-family market led by 34987 (Port St. Lucie), 33311 (Fort Lauderdale), and 33446 (Delray Beach) in terms of sales count.
There were three zip codes with a hot condominium/townhomes market: 33458 (Jupiter), 33173 (Miami), and 33496 (Boca Raton). These zip codes are relatively wealthier areas where buyers are likely more able to afford the higher condo fees/assessment and where lifestyle could be the deciding factor when purchasing a property.
