Sales Surge Across South Florida, Condo Market Showing Signs of Recovery
South Florida’s housing market gained momentum in March 2026, with strong year-over-year sales growth across both single family homes and condos. While single family pricing remained stable, the condo market showed encouraging signs of recovery with rising prices and declining inventory in all 3 counties.
Single family closed sales in the tri-county area increased 9.6% year over year to 3,594 sales. The median sale price held steady at $640,000. Inventory declined to 5.0 months of supply, down from 5.7 months last year, indicating a market that slightly favors sellers.
Closed condo sales rose 4.3% year over year to 3,196 sales, while the median sale price increased 3.2% to $350,000. Inventory dropped to 11.0 months of supply, down from 11.9 months last year. This marks one of the first meaningful signs of price recovery in the condo market.
South Florida Real Estate Statistics – March 2026
Single family sales surged 9.6% year over year while inventory dropped to 5.0 months, signaling strong demand in the peak season.
Broward County
Single family closed sales in Broward County increased 3.3% to 1,097 sales. However, median prices declined 5.5% to $600,000. Inventory dropped to 4.8 months of supply, down from 5.4 months last year, tightening the market despite pricing adjustments.
Condo sales dipped slightly 0.6% to 1,064 sales, while median prices declined 3.7% to $269,700. Inventory improved to 11.3 months of supply, down from 12.0 months last year, indicating gradual stabilization.
Broward County Real Estate Statistics – March 2026
Broward inventory dropped below 5 months for single family homes, tightening the market despite price adjustments.
Broward County includes the coastal communities of Fort Lauderdale, Pompano Beach, Lauderdale-by-the-Sea, Lighthouse Point, Hillsboro Beach, and Deerfield Beach.
Palm Beach County
Single family closed sales in Palm Beach County surged 14% to 1,434 sales. Median prices increased 3.2% to $645,000, while inventory declined to 4.7 months of supply, down from 5.8 months last year, making it the tightest market in South Florida.
Condo sales increased 11% to 1,061 sales, while median prices rose 6.5% to $330,000. Inventory dropped to 8.5 months of supply, down from 10.3 months last year, showing strong improvement.
Palm Beach County Real Estate Statistics – March 2026
Palm Beach condo prices jumped 6.5% year over year while inventory dropped sharply, signaling a strong recovery.
Miami-Dade County
Single family closed sales in Miami-Dade jumped 11% to 1,063 sales, while median prices increased 0.6% to $674,000. Inventory declined to 5.7 months of supply, down from 6.0 months last year, keeping the market in equilibrium.
Condo sales rose 2.9% to 1,071 sales, while median prices increased 1.7% to $445,000. Inventory declined to 13.0 months of supply, down from 13.2 months last year, though still the highest in South Florida.
Miami-Dade County Real Estate Statistics – March 2026
Miami-Dade continues to carry the highest condo inventory, though supply is beginning to trend downward.
Summary
March marked a strong start to the spring buying season, with rising sales and tightening inventory across most single family markets. Palm Beach continues to lead in both pricing strength and supply constraints.
The condo market is showing early signs of recovery, particularly in Palm Beach and the overall tri-county area. While inventory remains elevated in some markets, declining supply and rising prices point toward improving conditions.
As we head deeper into peak season, buyers and sellers alike will benefit from working with experienced local agents who understand these shifting dynamics.
Source: Florida Realtors SunStats, March 2026.
