Is South Florida real estate’s three year old Buyers Market over?
Longtime readers know supply and demand are the top metrics I watch to see where our real estate market is heading. To me, this is a leading indicator. And in this decade, supply has been the big idea to watch.
You know supply crashed almost 70% from 2019 to 2022 from about 54k units for sale to just 17,500. During this time, demand was at historic levels as folks flooded the Florida market and bought everything.
Then in February 2022, it changed. Over the next 38 months, supply soared faster than in recorded history from 17,500 units to over 64,300 this April 30th. That’s an increase of more than 267% in just over three years.
It was on March 3, 2024, when I called our new official Buyers Market. And I’ve been beating this drum the last 17 months (thankfully, a lot of buyers took heed and have been actively engaging and buying – good for you. Don’t stop as there’s still time if you haven’t).
But, since April 1, 2025, supply has fallen off a cliff. Look at the Delray Beach graph below.
Supply is down 355 units or 16% in just 5 months.
This coincides with my South Florida Real Estate Inventory data at the end of this letter. As you can see, supply is now down 14 of the last 15 weeks and the trend isn’t slowing.
Even with this drastic change in our local housing supply, we’re still in a Buyers Market. The question is, “For how much longer?”
Why A Change in Posture With Our Buyers Market
Regular readers may be asking why 4 weeks ago I wrote about how our Buyers Market is still heating up. That was before the chart above came out this week. For me, I like to see more than 90 days of data before I introduce a new narrative.
Sure it’s still a terrific Buyers Market. But, it’s important I share current data with you you’re informed. Perhaps this new data will create more urgency is you’re a buyer who’s been sitting on the fence. A Buyers Marker, like any other market, doesn’t last forever.
Next week I’ll have my September Delray Beach real estate market update video where I dive into why our supply is eroding so fast. I’ll also update my thoughts on this Buyers Market that’s based on real-time data. Subscribe to my YouTube channel so your notified when that video comes out.
*** Speaking of YouTube, my latest video “Why Delray Beach Is Florida’s Hottest Spot Right Now!” came out last weekend.
In it I share the latest on Delray’s commercial and residential real estate happenings… our cultural and high walkability score living downtown… and of course the latest on our vibrant restaurant scene.
If you’ve been on the fence about visiting or investing in Delray Beach, this video’s for you as Delray’s best years are still to come.
(Main photo: Delray Beach Real Estate Active Listing / Supply)
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*** If luxury real estate is your speed, read my Q3 2025 South Florida LUXURY Real Estate Update that’s full information you need as you assess your desire to sell or buy in today’s buyers market
*** This Friday is the First Friday Art Walk at Cornell Museum and in our city streets. Also, enjoy Coco Market this Sunday, Sept 7th at Old School Square
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*** South Florida Real Estate Inventory is ABOVE 2019***
Last week’s supply was 58,008
Today’s supply is 57,242
*** Supply is Down 766 units last week ***
*** Supply is DOWN 14 of 15 weeks and Down 16% From April’s high***
