Welcome to fall & winter! The summer season showed several macroeconomic indicators that bode well for our Boca Raton Real Estate market. The easing of mortgage rates led to a surge in buyer activity that should speed up home sales in the city. With very recent improvements to the economic outlook, many of which began to show in this quarter, but may not be reflected in the numbers just yet. To learn more and see if the numbers reflect the broader economic shift, read today’s quarterly market report and be prepared for what’s next in your journey!
Average List Price
The average listing price of a home or condo in Boca Raton appears to be slightly reducing after a deliberate effort from the Federal Reserve to plateau home prices with interest rates in recent years. Though the average listing price is still nearly triple the national average, the slight yet not insignificant lowering of listing prices shows that meaningful conversations are happening between Realtors and clients. Oftentimes, we see that the conscience of the client is 6-12 months behind current conditions, such as we saw in 2022-23 when sellers had a 2021 mentality, listing at astronomically inflated prices, even as rates were spiked to ease this fluctuation. It appears that agents and clients are reaching a shared conclusion, and that the relative easing of rates has led to more concessions from previously reluctant sellers.
Average Sale Price
Our statistics indicate that of the 18 price brackets between $1.5M and over 5 Million, the 9 brackets that rose saw larger percentile increases than those that decreased. Thus far, the total sold homes in Boca Raton are down by 4.6%, but some brackets in the higher range may be skewing this number higher than the everyday consumer would experience. For example, the bracket of $3.25M – $3.499M saw a 150% year-to-date increase, from just 12 sold homes in 2024 to 30 through today. While these blogs reflect year-to-date trends, it’s important to sometimes consider the current month alone compared to the year prior. For instance, despite a small increase in sale price year-to-date, when comparing September 2025 to 2024, it shows a -6.08% decrease. Whether the month-over-month numbers eventually show over a broader spectrum of time remains to be seen, but we may be seeing the early onset of a more neutralized market, whereas in recent days it has skewed towards the buyers.
Average CDOM
The Cumulative Days on Market remain in the 70s, which is consistent with the September month-to-month comparisons, which also remain in the mid-70s. In the past few years, we’ve seen the CDOM average leap as high as the triple digits and as low as a fortnight. In fact, dating back to last year, the highest average CDOM has reached 85, while valleying at 69. These numbers, while seemingly significant, reflect a deviation of 7-10 days in either direction. This is far from indicative of any significant market fluctuation, and further indicates an easing of the wild swings seen in recent years.
Active Listings
Active listings are up, as the moderate buyer’s market yields greater opportunities for more buyers to enter the market. Though the recent news of federal rate reductions should be felt in the days ahead, it may be too soon to feel these influences through currently available statistics. However, with a reasonable easing of list prices, plateauing CDOM, and rate cuts impacting the mortgage industry, the potential for more sellers to meet the demand of a larger pool of buyers looms large.
Want to compare today’s market to the previous two quarters? See these companion blogs below!
Boca Raton Market Update (Q1, 2025) | Boca Raton Market Update (Q2, 2025)