South Florida Market Update: November 2025
As we head deeper into the busy season, the South Florida real estate market is showing a mix of opportunity and competition. Mortgage rates have eased slightly in recent weeks, giving buyers renewed confidence while motivating sellers to stay realistic with pricing.
Mortgage Rates Offer Breathing Room for Buyers
Recent rate trends have been encouraging:
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30-Year Fixed Conventional: ~6.375%
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15-Year Fixed: ~5.75%
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FHA / VA Loans: ~5.99%
Even small rate drops can translate into thousands of dollars in long-term savings — or the ability to afford a bit more home. For buyers who’ve been on the sidelines, this shift could make a real difference in affordability heading into the new year.
Well-Priced Homes Are Still Selling Fast
Across Palm Beach County and much of South Florida, homes priced right for today’s market are continuing to sell at a healthy pace. But listings that come in too high are sitting longer — often requiring price adjustments before attracting serious offers.
With inventory levels climbing and more options available, buyers are taking their time to compare value, upgrades, and condition. Sellers who adapt quickly are the ones winning attention — especially when paired with good marketing and presentation.
The “Mamdani Effect” and the Surge of New York Buyers
You may have seen the headlines: political and tax changes in New York have sparked what many are calling the “Mamdani effect.” Realtors across South Florida are reporting a noticeable increase in inquiries and activity from New York buyers — many of them cash-ready and looking to relocate or invest.
This influx of northern buyers is already being felt across luxury and mid-range price points in Palm Beach County. Cash offers tend to create more competition, which can stabilize or even lift prices in certain neighborhoods, especially those with no HOA, family-friendly layouts, or newer construction.
What This Means for Buyers
For buyers, this is a window of opportunity — mortgage rates are more favorable than they’ve been in months, and many sellers are more open to negotiation or covering closing costs. But with more cash buyers entering the market, competition could increase again in early 2026.
Staying ahead means being pre-approved, understanding local trends, and working with a Realtor who knows where motivated sellers — and real deals — can still be found.
What This Means for Sellers
For sellers, pricing and presentation remain everything. Homes aligned with market value are still selling efficiently, while over-priced listings are seeing extended days on market. With higher-quality buyers returning and cash investors resurfacing, now is the time to evaluate pricing strategy and stand out through marketing and staging.
If your home has been sitting longer than expected, a fresh approach — updated pricing, improved visuals, or a repositioned strategy — can make a major difference this season.
The Bottom Line
The South Florida real estate market is active and evolving. Lower rates are creating new opportunities for buyers, while strong out-of-state demand — particularly from New York — is adding a competitive edge. For both sides of the market, timing and strategy are key.
Ready to Talk About Your Goals?
If you’re thinking about buying or selling anywhere in Palm Beach County or the surrounding areas, now is a great time to explore your options.
Whether you’re interested in a family home, new construction, or a luxury property, I can help you navigate today’s market with confidence. I work with clients throughout Loxahatchee, Wellington, Westlake, Palm Beach Gardens, Jupiter, Boca Raton, and beyond, helping each one find the right property — or the right buyer — for their goals.
