Pembroke Pines is currently experiencing a pronounced sellers’ market as available homes for sale have sharply decreased. With sales activity down and inventory tighter than ever, local buyers and sellers are feeling the impact of shifting real estate dynamics.
Key Takeaways
- Home inventory in Pembroke Pines dropped nearly 29% year-over-year.
- Single-family home sales fell 24% in February 2026 compared to the previous year.
- Median sales price holds steady at $663,000—higher than the Broward County median.
- Condo and townhome transactions also declined, but remain more affordable than surrounding areas.
Sellers’ Market Takes Hold
The real estate landscape in Pembroke Pines has changed dramatically over the past year. Recent data show a major drop in the supply of homes, creating increased competition for buyers and driving up market pressure. While the broader Broward County market remained largely steady, Pembroke Pines stands out for its dwindling inventory, especially among single-family homes.
This February, the number of single-family homes sold in Pembroke Pines plunged by nearly a quarter, with just 54 closed transactions. Meanwhile, the number of active home listings tumbled 29% from the previous year, representing just three months of supply at current sales rates—a clear sign of a sellers’ market.
Prices Hold Despite Scarcity
Despite the tighter supply, Pembroke Pines has yet to see dramatic price increases for single-family homes. The median sales price hovered at $663,000 in February, outpacing the $620,000 median seen in Broward County overall. This suggests that while home shoppers face greater competition, prices have so far remained relatively stable.
Condo and townhome sales also saw a decline of 7% compared to last year. However, these properties continue to offer a more accessible entry point into the housing market. The median sale price for Pembroke Pines condos and townhomes stood at $242,000, well below the county median of $270,000, offering a relatively affordable option for many buyers.
Factors Shaping the Market
The broader trend of inventory shortages is not unique to Pembroke Pines. Active listings were down across Broward County, and increasing demand—partly due to new residents from other states—continues to shape the market. In 2025, Broward saw a 6% rise in driver’s license exchanges, indicating a steady influx of newcomers, especially from places like California, Georgia, and Virginia.
The luxury segment remains resilient as well. High-end homes, particularly those priced over $1 million, experienced significant growth. Industry experts attribute this to wealth migration from higher-tax states and a preference among affluent buyers for property investment, helping prop up this sector even when overall sales slow.
Outlook for Buyers and Sellers
While Pembroke Pines has so far avoided dramatic price hikes, the sustained decline in available homes hints at continued challenges for buyers. In contrast, sellers currently enjoy an advantageous position, facing less competition and benefiting from solid demand. As long as inventory remains tight and new residents continue to arrive, the local market is likely to favor sellers in the months ahead.
Sources
- Pembroke Pines home sales fall as inventory tightens: data, Pembroke Pines News.