The Fort Lauderdale, FL metro area housing market in February 2025 presents a complex landscape with varying trends across different metrics. The Median Sales Price has seen a modest increase, while other indicators suggest a cooling market.

The Median Sales Price in Fort Lauderdale stands at $465,000, reflecting a year-over-year (YoY) increase of 1.1%. This slight uptick indicates a stable demand for homes, despite broader market fluctuations. Conversely, the Median List Price has decreased by 1.4% YoY, now at $443,750, suggesting sellers may be adjusting expectations to align with buyer affordability.

Price Per Square Foot metrics reveal a nuanced picture. The median Price Per Square Foot has risen by 1.0% YoY to $308.10, while the Median List Price per square foot has increased by 3.6% YoY to $322.27. This divergence may indicate that while sellers are listing homes at higher per-square-foot prices, actual sales are closing at slightly lower rates.

Sales activity has notably declined, with Homes Sold dropping by 17.5% YoY to 1,628 units. Pending Sales have also decreased by 15.6% YoY, totaling 2,572. This reduction in sales volume suggests a cooling market, potentially influenced by economic factors or buyer hesitancy.

New Listings have decreased by 4.8% YoY, with 3,971 homes entering the market. However, inventory has surged by 23.4% YoY, reaching 16,946 units. This increase in inventory, coupled with a significant rise in Months of Supply to 10.4 months (a 340.0% YoY increase), indicates a shift towards a buyer's market, where supply outpaces demand.

The Median Days on Market have increased by 21.0% YoY to 91 days, further emphasizing the slower pace of sales. The average sale to list ratio has slightly decreased by 0.5% YoY to 95.5%, suggesting that homes are selling closer to their list prices, albeit with some negotiation.

The percentage of Homes Sold above list price has declined by 2.1% YoY to 9.0%, while Price Drops have increased by 1.5% YoY to 26.8%. These figures indicate that sellers are more frequently adjusting prices to attract buyers. Additionally, the percentage of homes going off-market within two weeks has decreased by 7.4% YoY to 16.3%, reflecting a slower market tempo.

Overall, the Fort Lauderdale housing market in February 2025 is characterized by a stable Median Sales Price amidst declining sales activity and increasing inventory. Buyers may find more opportunities as the market shifts in their favor, while sellers may need to adjust strategies to navigate the evolving landscape.