Broward County home sales rose year over year for the third consecutive month in May 2026, signaling continued resilience in South Florida’s housing market even as price gains moderate and inventory dynamics diverge across property types, according to data released by the Miami Association of Realtors.
Total closed transactions increased 0.9% from a year earlier, rising from 2,124 to 2,145 sales. The modest overall gain masked stronger performance in key segments, particularly single-family homes and higher-end properties, while the condo market showed mixed volume trends alongside stable pricing.
Single-family home sales climbed 3.2% year over year to 1,146 transactions, up from 1,110 a year earlier, reflecting sustained demand for detached housing amid tight supply conditions. By contrast, existing condominium sales edged down 1.5% to 999 transactions from 1,014, underscoring ongoing pressure in the multifamily segment even as pricing holds firm.
Luxury activity remained a notable driver of market momentum. Sales of Broward properties priced at $1 million and above surged 17.6% compared with May 2025, suggesting continued inflows of high-net-worth buyers into South Florida’s coastal and suburban submarkets. At the same time, more affordable condo segments also saw renewed traction, with units priced between $400,000 and $500,000 posting a 12% year-over-year increase in sales volume.
Pricing trends remained broadly stable on an annual basis but continue to reflect a structurally elevated market compared with pre-pandemic levels. The median sale price for single-family homes rose 0.8% year over year to $630,000 from $625,000. Condo median prices were unchanged at $275,000 versus a year earlier.
Longer-term appreciation underscores the magnitude of the region’s housing cycle. Condo prices in Broward County have risen 104% since 2010, when the median stood at roughly $135,000. Single-family home prices have increased even more sharply, rising 126.2% since 2008, when the median was $278,000.
Despite recent stability in headline prices, inventory trends suggest potential upward pressure ahead, particularly in the condo market. Listings in that segment have been declining year over year, tightening available supply even as demand stabilizes. Market participants note that constrained inventory, especially in well-located or renovated properties, continues to support pricing floors even in a higher interest rate environment.
The data points to a bifurcated market structure: resilient demand in single-family and luxury segments, and a more balanced but tightening condo market where volume softness may soon give way to renewed price momentum if supply continues to contract.
Overall, May’s figures reinforce a broader pattern in South Florida real estate–steady absorption, selective strength in higher price tiers, and persistent structural scarcity in desirable housing stock–keeping the region’s property market among the most closely watched in the country.
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