South Florida’s housing market is experiencing a dynamic shift, with Broward County showing significant year-over-year growth in single-family home sales. While Palm Beach County also saw increases, Miami-Dade County continues to lag. The condominium market presents a more mixed picture across the region, with varying performance in sales and pricing.
Key Takeaways
- Broward County experienced a substantial jump in single-family home sales in November, nearly doubling compared to the previous year.
- Palm Beach County also saw positive year-over-year growth in single-family home sales, though more modest than Broward.
- Miami-Dade County continues to struggle with declining single-family home sales.
- Condominium sales showed improvement in Broward and Palm Beach counties, but Miami-Dade saw a decline.
- The median price for condos in Broward fell in January 2026, while Palm Beach saw a slight decrease and Miami-Dade remained steady.
- Single-family home prices saw increases in Miami-Dade and Broward counties, with Palm Beach also reaching new median price highs.
Single-Family Home Sales Momentum
November data revealed a strong performance for single-family homes in Broward County, with a nearly 98.5% increase in closing contracts compared to the previous year. Palm Beach County followed with a 27.9% annual hike in sales. In contrast, Miami-Dade County experienced a significant 30.6% decrease in single-family home closings year-over-year.
Condo Market Performance Varies
The condominium market presented a more nuanced scenario. Broward and Palm Beach counties reported notable year-over-year increases in condo sales for November. However, January 2026 data indicated a dip in Broward’s median condo price, while Palm Beach saw a slight decrease and Miami-Dade’s median price held steady. Despite these fluctuations, million-dollar condo sales accounted for a larger share of the market across the region compared to the previous year, with projections suggesting this segment will remain vibrant in 2026.
Market Outlook and Influencing Factors
Experts suggest that while higher mortgage rates remain a factor, the South Florida market is resilient, particularly in the ultra-luxury segment. Increased inventory across all property types is providing buyers with more choices, potentially leading to a buyer’s market through mid-2026. Factors such as out-of-state migration, a business-friendly environment, and the appeal of real estate value compared to other global cities continue to drive demand. New state regulations for condo associations are also expected to bolster buyer confidence in the condo market.
Sources
- South Florida home sales show upbeat increases for Palm Beach and Broward counties, Miami-Dade still
struggling, Florida Politics. - South Florida home sales end 2025 on an upbeat note, Florida Politics.
- South Florida’s condo market gets off to a mixed start in 2026, WLRN.
- South Florida Housing Market: Prices and Forecast 2025-2026, Norada Real Estate Investments.
- What 2026 holds for South Florida real estate – NBC 6 South Florida, NBC 6 South Florida.