South Florida’s housing market presented a mixed picture at the close of 2025 and the start of 2026. While some counties experienced significant year-over-year sales increases, others continued to grapple with sluggish activity. Condo markets also showed varied performance across the region, influenced by factors like cash buyers and inventory levels.
Key Takeaways
- Broward County saw a substantial surge in single-family home sales to end 2025, while Miami-Dade’s market remained slow.
- Palm Beach County also reported solid year-over-year growth in home sales, though it experienced a month-to-month decline.
- The condo market in January 2026 showed contrasting trends: Broward’s median prices fell, Palm Beach’s sales jumped, and Miami-Dade’s sales remained steady.
- Low inventories and steady demand supported the single-family home market across South Florida, with median prices reaching new highs in Miami-Dade and Palm Beach.
Year-End 2025 Sales Performance
The final Elliman Report for 2025 indicated an upbeat end to the year for home sales in Broward and Palm Beach counties, while Miami-Dade lagged. Broward County experienced a notable 54.2% increase in single-family homes sold in December compared to the previous year, with 293 new signed contracts. This surge helped Broward overcome a slower market in the latter half of 2025. Despite this annual growth, December sales in Broward were down 24% from November, reflecting a traditional seasonal slowdown.
Palm Beach County also posted solid numbers, with a 22% year-over-year increase in single-family home sales, reaching 288 in December. However, like Broward, it saw a month-to-month decrease from November’s 321 sales.
Miami-Dade County continued its trend of sluggish home sales, with a 30.5% decrease in December sales compared to the prior year, totaling 401 homes sold. The monthly comparison showed only a slight dip from November.
Condo Market Trends in Early 2026
January 2026 brought a mixed start for South Florida’s condo market. Broward County’s condo market continued to lag, with median prices falling 2.8% year-over-year to $250,000, the lowest since August. Despite this price decline, the number of condos sold in Broward dropped slightly by 2.8% after a positive end to 2025. Inventory levels increased, offering buyers more choices.
In contrast, Palm Beach County’s condo market showed strength, with sales jumping 8.7%. The median condo price was $325,000, only slightly down from the previous year. A significant factor contributing to this market’s resilience is the high prevalence of cash buyers, insulating deals from mortgage rate fluctuations.
Miami-Dade County’s existing condo sales saw a minimal year-over-year decrease of just 0.1%, with the median price holding steady at $420,000. This indicates a buyer’s market with increasing inventory.
Single-Family Homes Remain Steady
Across all three counties, the single-family home market remained steady in January 2026, supported by low inventories and consistent demand. Median prices reached new highs in Miami-Dade and Palm Beach counties, with Palm Beach’s median price surpassing Miami-Dade’s. Broward’s median home price also rebounded to a four-month high. The increase in available homes across the region suggests a balanced market or a seller’s market.