Destin & Miramar Beach Real Estate Market Summary – August 2025

by Destin Beach Vacation Rentals

If you’re buying or selling property along Florida’s Emerald Coast, staying updated on the latest market trends is key. The August 2025 real estate market data is in, and it offers important insights into home prices, buyer demand, and inventory levels across Destin, Miramar Beach, and the greater Emerald Coast.

Whether you’re considering listing your beach home for sale or exploring investment opportunities in Destin vacation rentals, here’s what you need to know about the August 2025 housing market.

Absorption Rate & Market Activity

  • The absorption rate increased slightly to 7.96 months compared to 7.51 months in August 2024, reflecting a slower pace of sales and more inventory for buyers to choose from.

  • Year-to-date absorption sits at 7.89 months, up 18% compared to last year, signaling a gradual shift toward a more balanced market.

For sellers, this means pricing competitively is more important than ever. For buyers, it’s a sign that you have more negotiating power in 2025 than you did last year.

Home Prices: Average & Median

  • The average list price of active homes dipped slightly to $1,059,673 (-1.53% year-over-year).

  • The median list price rose modestly to $549,000, showing stable pricing in the mid-market range.

  • The average sale price climbed to $695,811 (+4.73% YoY), while the median sale price held steady at $410,000.

This suggests that while overall listing prices have softened slightly, closed sales remain strong—especially in the $600,000–$700,000 range.

Days on Market (CDOM)

  • Average cumulative days on market (CDOM): 104 days (+20.93% YoY)

  • Median CDOM: 61 days (+29.79% YoY)

Homes are taking longer to sell in 2025 compared to last year. This highlights the importance of professional marketing, staging, and accurate pricing to attract buyers quickly.

Sold Listings by Price Range – August 2025

  • The most active segment continues to be $250,000–$399,999, with more than 330 homes sold in that range.

  • Luxury home sales ($1M+) showed mixed results: some price points saw big gains (like $1.3M–$1.4M, up 66.7%), while others declined, reflecting buyer caution at the higher end.

  • Properties over $3M had sporadic but notable activity, with 8 homes selling in the $3M–$3.25M range—up 300% compared to last year.

Pending & Active Listings

  • Pending sales jumped 16.5% year-over-year, showing buyer interest is picking up after the summer slowdown.

  • Active listings are virtually flat year-over-year, up just 0.5%, meaning inventory levels are holding steady.

This combination—steady inventory and rising pending contracts—suggests more buyers are stepping back into the market.

New Listings

New listings fell 12.7% compared to August 2024, indicating fewer fresh properties are hitting the market. With reduced new inventory and steady buyer demand, well-priced homes are still moving.

What This Means for Buyers & Sellers in Destin & Miramar Beach

  • For Buyers: With interest rates recently reduced by the Federal Reserve and inventory holding steady, now is an excellent time to enter the market. More choices and better financing create opportunities for primary homes, second homes, and vacation rental investments.

  • For Sellers: Homes are taking longer to sell, but serious buyers are still active—especially in the $250K–$700K range. Pricing competitively and working with a local agent who understands the Destin and Miramar Beach markets is key to attracting qualified buyers.

Final Takeaway – August 2025 Destin Real Estate Market

The Emerald Coast housing market remains resilient with stable home prices, slightly longer selling times, and increased pending sales. Buyers are regaining negotiating leverage, while sellers who price their homes correctly are still seeing strong results.

If you’re considering buying or selling a home in Destin, Miramar Beach, or the surrounding areas, now is the time to explore your options. With mortgage rates easing, this fall could bring a wave of renewed buyer activity.

Thinking about buying or selling along Florida’s Emerald Coast?
Let’s talk about your goals and how today’s market trends impact your next move.

Audrey Price, Realtor | East Pass Realty | 850-687-7386

Categories: 
Real Estate