By Michael Citron, Parkland’s #1 Realtor
In 2024, the Parkland real estate market experienced a slight slowdown compared to the previous year. Total sales decreased by 6%, with 524 homes sold. Despite this decline in sales activity, the average sales price saw a modest increase of 2%, reaching $1,223,930.
Homes took slightly longer to sell, with the average days on the market increasing by 6% percent to 52 days. Additionally, the price per square foot also rose by 2%. Negotiations remained stable, as indicated by the original list-to-sales price ratio, which held steady at 93% of the asking price.
Active inventory levels showed consistency, with approximately 3.3 months of supply in both 2023 and 2024. This stable inventory suggests a balanced market where buyers have a reasonable selection of homes available.
Implications for Sellers in the Parkland Market
Despite facing higher mortgage rates, the real estate market remains favorable for sellers, with prices experiencing slight increases. This environment is encouraging for those looking to sell their homes, as they can expect faster sales and better financial outcomes.
Predictions for Parkland Real Estate in 2025
As we look ahead to 2025, the Parkland real estate market is expected to undergo several key changes. Here are five predictions that could shape the landscape:
Prediction 1: Moderate Price Growth
The real estate market is predicted to experience moderate price growth, building on a two percent increase in the average sales price observed in 2024. The appreciation, particularly in high-demand areas, is expected to continue. However, growth may decelerate if mortgage interest rates remain high.
Prediction 2: Interest Rates and Their Impact on the Market
Mortgage interest rates are projected to stay near the seven percent mark. This stability could exert pressure on buyer demand, especially among first-time homebuyers and those looking in lower price brackets. A potential decrease in interest rates may reignite demand, particularly during the spring and summer selling seasons.
Prediction 3: Increased Inventory
The slight increase in housing supply during 2024 may signal that more homes are hitting the market. As sellers adapt to the new interest rate environment, we may see further increases in inventory throughout 2025 if homeowners choose to sell or cash out on their equity.
Prediction 4: Slower Market Pace
With average days on the market increasing, a slower pace is anticipated for 2025. This trend could present more opportunities for buyers to negotiate better deals. It’s essential to remember that buyers often transition into sellers, particularly within Parkland’s unique market.
Prediction 5: Price Stabilization
As we move into the new year, home prices and price per square foot may stabilize. This stabilization will likely occur if demand levels off or if a greater balance between buyers and sellers is achieved.
“If you want the most money for your home and the best experience, it is vital to interview and work with someone who consistently delivers results.”
For those looking to sell their homes, collaborating with an experienced realtor can significantly enhance your selling experience. Having been Parkland’s #1 selling Realtor for nine consecutive years, I have consistently delivered record sales prices and exceptional service year after year. Currently ranked as the number one listing agent in Broward County for 2024—one of the largest counties nationwide—my commitment remains focused on achieving outstanding results for our clients.
Michael Citron
Owner & Realtor of Parrot Realty

Michael Citron – Parrot Realty.