by Chris Hammers 
A Tale of Two Counties
Over the past year, Broward County home values have stagnated, registering virtually zero growth after a hot market in 2024. Meanwhile, Miami home prices climbed by roughly 2.4%, pushing the median value to about $590,090. This divergence begs the question: why is Miami booming as its neighbor cools off?
Market Divergence: The Data
- Broward County saw annual home-value growth plunge from 6.4% in 2024 to just 0.1% in 2025 according to Reventure.
- Miami, by contrast, recorded a 2.4% year-over-year increase in median home prices, according to Zillow indexes.
- Statewide trends show Florida’s median home price fell 1.7% in March 2025, marking the steepest annual drop in over a decade according to the New York Post.
Why Miami Keeps Rising
1. Luxury and International Demand
Miami’s luxury segment remains red-hot, with North Bay Road transactions topping $1.19 billion since 2020 according to the Wall Street Journal. High-net-worth and international buyers continue to view Miami as a safe haven, driving up prices in the top tier.
2. Limited New Supply
Condo inventory in prime Miami neighborhoods remains constrained. New construction permits lag behind demand, particularly in high-rise developments facing stringent insurance and coastal-zone regulations. Click here for a Miami Housing Market Report.
3. Infrastructure and Amenities
Major projects—like the Brightline expansion and waterfront park renovations—are enhancing Miami’s appeal, further fueling price growth according to U.S. News Real Estate.
Why Broward Is Softening
1. Rising Inventory
Broward listings surged from 11,440 to 16,668 homes for sale year-over-year, shifting power toward buyers and pressuring prices. Click here for more info.
2. Mortgage Rates and Affordability
Persistent high mortgage rates have led cost-sensitive buyers to pause, especially in suburban markets where commutes and HOA fees add to ownership costs according to the New York Post.
3. Overbuilding in Select Segments
Some Broward submarkets overbuilt mid-range housing in 2022–24, creating pockets of oversupply and longer days on market. Click here for more info.
What This Means for Buyers and Sellers
For Buyers
- Opportunity in Broward: With prices stagnant or slightly down, Broward offers entry points for first-time buyers. Check our Buyer Services for tailored guidance.
- Act Fast in Miami: Growth may slow as rates stabilize, so buyers should be pre-approved and ready to move quickly.
For Sellers
- Broward Sellers: Consider strategic price adjustments and staging to stand out in a buyer’s market.
- Miami Sellers: Leverage high demand—work with our team via Contact Us to price your home competitively and capture top dollar.
Conclusion
The “real estate divide” between Broward and Miami underscores the importance of localized expertise. Whether you’re buying or selling, Hammers Properties LLC has the hyper-local insight to guide your decisions.
Contact Ted Christopher Hammers, Real Estate Broker/Owner of Hammers Properties LLC:
C: 954-294-4158
Email: hammersproperties@gmail.com
Explore our current Listings and stay ahead of South Florida’s shifting market.
