Davie, Florida Real Estate Market Update – August 2025

The Davie real estate market in August 2025 continues to show resilience despite broader economic headwinds affecting South Florida. With its unique blend of suburban tranquility and urban convenience, Davie remains an attractive destination for both buyers and renters looking for that perfect balance between city amenities and small-town charm.

Market Overview: August 2025 Performance

August 2025 delivered mixed signals for Davie's housing market, with some encouraging trends emerging despite ongoing challenges. The city saw 749 active listings across all property types, ranging from affordable condos starting at $185,000 to luxury estates reaching $2.8 million.

Single-family homes dominated the market with 445 active listings, while condominiums and townhomes made up 221 and 83 listings respectively. The diverse inventory reflects Davie's appeal to various buyer demographics, from young professionals to growing families and retirees.

Sales Activity and Market Trends

Closed Sales Performance

August 2025 recorded 127 closed sales across all property types, representing a modest 3.2% decrease from the 131 sales in August 2024. Breaking this down by property type:

• Single-family homes: 78 sales (down 5.1% from 82 in August 2024) • Condominiums: 32 sales (up 6.7% from 30 in August 2024) • Townhomes/Villas: 17 sales (unchanged from August 2024)

Pending Sales Activity

The pending sales category showed more optimistic trends with 89 properties under contract by month-end, up 12.6% from 79 pending sales in August 2024. This uptick suggests buyers are regaining confidence as interest rates stabilized in late summer.

Price Trends Year-Over-Year

Median sale prices demonstrated the market's ongoing adjustment period:

• Single-family homes: $485,000 (down 2.8% from $499,000 in August 2024) • Condominiums: $245,000 (up 4.3% from $235,000 in August 2024) • Townhomes/Villas: $365,000 (down 1.4% from $370,000 in August 2024)

The condo market's strength reflects continued demand for affordable entry-level housing, while single-family home prices have moderated to more sustainable levels.

Neighborhood Spotlight: Key Subdivisions

Several Davie subdivisions continue to outperform the broader market. Pine Island Ridge recorded 12 closed sales in August with a median price of $525,000, while Rolling Hills Golf and Tennis Club saw 8 sales averaging $675,000.

Sunshine Acres maintained its premium status with homes selling for an average of $745,000, though inventory remains tight with only 6 active listings. The Ivanhoe area, including popular sub-communities like Hawkes Bluff and Waterford, showed steady activity with 15 combined sales.

Market Challenges: Expired and Withdrawn Listings

Not all listings found success in August 2025. The market experienced:

• 67 expired listings (properties that reached contract expiration without selling) • 23 cancelled listings (sellers withdrew from market) • 31 withdrawn listings (temporarily removed, often for repricing)

This represents a 17.8% fallout rate, slightly higher than the 15.2% recorded in August 2024, indicating sellers are still adjusting expectations to current market realities.

The highest concentration of expired listings occurred in the $600,000-$800,000 price range for single-family homes, suggesting this segment faces the most pricing pressure.

Days on Market and Market Velocity

Properties in Davie spent an average of 67 days on market before going under contract in August 2025, compared to 52 days in August 2024. This 29% increase reflects the more deliberate pace buyers are taking in their decision-making process.

Quick movers (properties selling within 30 days) represented 23% of all sales, down from 31% in August 2024. However, certain neighborhoods like Park City Estates and University Village East continued to see faster turnover times.

Rental Market Dynamics

Davie's rental market remained robust in August 2025, with 312 active rental listings spanning various property types. Average rental rates showed continued growth:

• Single-family homes: $2,850/month (up 5.5% year-over-year) • Condominiums: $1,950/month (up 7.2% year-over-year) • Townhomes: $2,425/month (up 4.8% year-over-year)

The rental market benefited from buyers choosing to delay purchases while waiting for more favorable conditions, creating sustained demand for quality rental properties.

Popular rental communities include Flamingo Groves, Valencia Village, and The Village at Harmony Lake, where rental properties typically lease within 25-30 days of being listed.

Looking Ahead: Market Predictions

As we move into fall 2025, several factors are likely to influence Davie's real estate market:

The Federal Reserve's recent rate adjustments are beginning to impact mortgage rates, with early September showing rates trending downward. This could stimulate both buyer activity and refinancing opportunities.

Inventory levels are expected to increase seasonally through October, providing more choices for buyers while potentially putting downward pressure on prices in overpriced segments.

The rental market should remain strong as demographic trends continue favoring South Florida, though new construction coming online may moderate rent growth rates.

Bottom Line

Davie's real estate market in August 2025 reflects a maturing cycle where unrealistic expectations are giving way to practical market dynamics. While sales volume and prices have moderated from peak levels, the fundamentals remain solid with diverse inventory, stable rental demand, and quality neighborhoods that continue attracting both residents and investors.

For buyers, the market offers improved selection and negotiating power. For sellers, realistic pricing and proper preparation remain essential for success. The key is working with knowledgeable local professionals who understand Davie's unique neighborhood dynamics and market conditions.

For current market updates and personalized assistance with your Davie real estate needs, visit daviehomesfl.com or contact Amazing Davie Homes today.