South Florida Equity Report: What Rising Values & Local Shifts Mean for You

by Scott Kaplan

Despite a slowdown in national home sales, homeowners in South Florida continue to experience substantial equity gains. Whether you're considering selling, buying, or holding, understanding how these trends affect your property value is essential.

At Team Kaplan, we keep a close eye on the market. While national headlines paint a broad picture, local data in Miami-Dade, Broward, and Palm Beach counties tells a more nuanced and powerful story.

Equity Growth Remains Strong

According to the latest data from the National Association of Realtors, the average U.S. homeowner has gained over $140,000 in equity over the last five years. In many parts of South Florida, those gains are even more impressive, with long-term homeowners realizing significantly higher returns.

That said, we’re also seeing key shifts—rising inventory, softening prices in some segments, and increased costs related to insurance and property taxes.

Here’s a breakdown of the local market:

Miami-Dade County

Homeowners who purchased single-family homes in 2009 and sold in 2024 gained an average of $555,900 in equity.
Condo owners in the same time frame saw approximately $342,600 in appreciation.
Miami-Dade ranks among the top five markets in the country for equity-rich homes, with over 64 percent of homeowners having at least 50 percent equity.
Median single-family home prices have increased more than 160 percent over the past decade.
However, affordability challenges persist, and cash buyers continue to dominate much of the market.

Broward County

Median prices have dipped slightly year over year, down 1.6 percent for single-family homes and 6.1 percent for condos.
Inventory has increased significantly, with single-family listings up 35 percent and condo listings up 31 percent compared to last year.
The luxury market remains strong, with sales of condos priced over $1 million more than doubling since 2019.
Many homeowners still have strong equity positions, but buyers now have more leverage—especially in the condo segment.

Palm Beach County

June 2025 saw a 5.2 percent decrease in single-family home prices and a 3.1 percent decline in condo prices year over year.
Inventory is growing—up 21 percent for single-family homes and 17.6 percent for condos—though still below pre-pandemic levels.
Nearly half of all transactions are cash deals, particularly in the condo market.
Property value growth has added $5 billion to the county tax roll this year, boosting homeowner equity but also increasing tax burdens for many.

What This Means for You

Sellers:
If you’ve owned your home for several years, you may be sitting on a significant equity cushion. With inventory rising, this could be the ideal time to list before further price adjustments or increased competition shift the market further.

Buyers:
While mortgage rates remain elevated, increased inventory in areas like Broward and Palm Beach has created new opportunities—especially in the condo market. Buying now could position you well for appreciation as the market stabilizes.

Homeowners Staying Put:
Even if you're not planning to move, understanding your home equity is vital. Rising insurance premiums and property taxes are becoming significant expenses, particularly for longtime owners and those who recently renovated.

South Florida remains one of the most equity-rich regions in the country. Whether you're planning to move, invest, or simply want a clearer picture of your home’s financial potential, having the right data—and the right team—makes all the difference.

If you'd like a personalized equity review or insight into your neighborhood's trends, Team Kaplan is here to help.

1. https://www.nar.realtor/magazine/real-estate-news/economy/homeowners-enjoy-record-equity-gains-even-amid-slowing-sales

2. Miami Association of Realtors – “Miami-Dade, Broward, and Palm Beach Market Statistics – June 2025 Reports.”