South Florida Housing Market Cooling: Opportunities for Buyers in 2025
May 29, 2025Homebuyers and investors seeking value. After years of soaring prices and scarce inventory, experts report that listings are now sitting on the market for an average of 90 days, up from 60 days or fewer just a few years ago.
Why Is the Market Shifting?
Andrew Vogel, loan officer at First Trust Capital, attributes the slowdown to increased housing inventory and competitive listings across South Florida. While mortgage rates remain high—hovering around 7% for a 30-year fixed loan, compared to 5% in recent years—buyers are beginning to regain negotiating power.
“Despite higher rates, this is still a good time to buy,” Vogel emphasizes. “If you secure a home at today’s lower prices, you can always refinance later when rates drop.”
What Does This Mean for Buyers?
Miami local Samuel Tuckerman, currently renting in Bay Harbor, shares his cautious optimism. “We almost bought during the pandemic but decided to wait—and we might have missed out,” Tuckerman says. “Now, we’re watching interest rates closely. If the Fed lowers rates, prices might rise again, so timing is key.”
Navigating the Market with BRG International
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