Mid-Year Trends for South Florida Homes and Condos
Data reflects June 2026 activity and year-over-year comparisons from Florida Realtors® SunStats.
Regional Executive Summary
South Florida residential activity strengthened in June, providing an encouraging conclusion to the first half of 2026. Closed sales increased substantially from one year ago, while active inventory and months of supply declined across every market included in this report.
Single-family homes remained the tighter and more competitive market, with regional supply at 4.3 months and the median sale price up 4.9%. Condos also improved, but 10 months of supply, longer days on market and price declines in Broward and Miami-Dade continued to give buyers more leverage.
At midyear, the data suggests that South Florida has moved beyond the inventory buildup and slower sales environment that defined much of the previous year. Stronger transaction volume is beginning to absorb available supply, although the pace of improvement varies considerably by county and property type.
Palm Beach currently shows the strongest overall fundamentals, while Miami-Dade’s condominium market remains the most favorable to buyers. During the second half of 2026, the key question will be whether buyer activity remains strong enough to sustain recent sales gains and absorb more of the available inventory.
The South Florida market has shown significant improvement in the first half of the year, but single-family homes and condos still remain two distinctly different markets.
South Florida MSA
Regional Market Overview for the Tri-County Area
| Metric | Single-Family Homes | Townhouses & Condos |
|---|---|---|
| Active Inventory | 13,627 (down 24%) | 27,454 (down 15%) |
| Median Days on Market | 43 days (up from 42) | 73 days (up from 64) |
| Months of Supply | 4.3 months (down from 6.1) | 10.0 months (down from 12.1) |
| Closed Sales | 3,829 (up 23%) | 3,081 (up 15%) |
| New Pending Sales | 3,481 (up 8.0%) | 3,098 (up 7.3%) |
| Median Sale Price | $675,000 (up 4.9%) | $346,000 (up 0.8%) |
South Florida regional sales improved for both single family homes and condos, while declining inventory reduced available supply. Single-family homes remained considerably more competitive, while the condominium market continued to offer buyers more selection and negotiating room.
Strategic takeaway: The regional market is strengthening, but condominiums remain much more buyer-favorable than single-family homes.
Broward County
Single-Family Momentum Outpaced Condo Improvement
| Metric | Single-Family Homes | Townhouses & Condos |
|---|---|---|
| Active Inventory | 4,465 (down 24%) | 9,688 (down 17%) |
| Median Days on Market | 38 days (down from 42) | 71 days (up from 63) |
| Months of Supply | 4.3 months (down from 6.0) | 10.1 months (down from 12.3) |
| Closed Sales | 1,298 (up 26%) | 1,049 (up 16%) |
| New Pending Sales | 1,204 (up 10%) | 1,098 (up 1.3%) |
| Median Sale Price | $645,000 (up 2.4%) | $265,000 (down 1.8%) |
Broward recorded the region’s strongest single-family sales increase (26%), while homes also reached contract faster than one year ago. Condo sales improved, but falling prices, longer contract times and limited pending-sales growth show that the recovery remains less established.
Strategic takeaway: Broward’s single-family market is strengthening faster than its condo market.
Palm Beach County
The Strongest Overall Fundamentals in South Florida
| Metric | Single-Family Homes | Townhouses & Condos |
|---|---|---|
| Active Inventory | 4,782 (down 24%) | 6,216 (down 19%) |
| Median Days on Market | 42 days (unchanged) | 68 days (up from 61) |
| Months of Supply | 3.9 months (down from 5.7) | 7.2 months (down from 9.7) |
| Closed Sales | 1,482 (up 25%) | 974 (up 19%) |
| New Pending Sales | 1,259 (up 4.2%) | 923 (up 16%) |
| Median Sale Price | $700,000 (up 12%) | $325,000 (up 3.2%) |
Palm Beach had the lowest supply in both property categories. Its single-family market led the region in price growth, while the condo market posted strong gains in sales, pending activity and pricing.
Strategic takeaway: Palm Beach currently has the strongest overall market fundamentals across both property types.
Miami-Dade County
Firm Single-Family Conditions and the Region’s Most Buyer-Favorable Condo Market
| Metric | Single-Family Homes | Townhouses & Condos |
|---|---|---|
| Active Inventory | 4,380 (down 23%) | 11,550 (down 11%) |
| Median Days on Market | 52 days (up from 42) | 85 days (up from 68) |
| Months of Supply | 4.9 months (down from 6.6) | 12.3 months (down from 14.0) |
| Closed Sales | 1,049 (up 17%) | 1,058 (up 12%) |
| New Pending Sales | 1,018 (up 11%) | 1,077 (up 7.0%) |
| Median Sale Price | $695,000 (up 3.7%) | $431,000 (down 3.1%) |
Miami-Dade’s single-family market benefited from lower inventory and improving demand, although homes took longer to reach contract. The condo market remained the region’s most buyer-favorable, with the highest supply, longest days on market and largest price decline.
Strategic takeaway: Miami-Dade single-family conditions remain relatively firm, while condo buyers have the region’s strongest negotiating position.
What the Market Means for You
For Buyers
Single-family buyers face less inventory and stronger competition than one year ago. Condo buyers generally have more leverage, but should evaluate reserves, insurance, assessments, building condition and long-term ownership costs carefully.
For Sellers
Single-family sellers are benefiting from tighter supply, but pricing and presentation remain important. Condo sellers must compete on both the condition of the unit and the financial and physical condition of the building.
Key Takeaways
- Regional single-family sales increased 23%, while townhouse and condo sales rose 15%.
- Inventory declined across every county and property type covered.
- Single-family supply tightened to 4.3 months regionally.
- Palm Beach showed the strongest overall fundamentals.
- Miami-Dade condos remained the most buyer-favorable segment.
Regional Outlook
The most important question for the second half of 2026 is whether new pending sales remain strong enough to sustain the recent improvement in closed sales. Single-family conditions should remain comparatively firm while supply stays near four to five months, while the condo outlook will depend more heavily on older building improvements and buyer demand. Overall, South Florida is trending in the right direction and historically, change happens fast here. We expect the current trends to continue, with normal seasonal variations in sales volume and inventory.
About the Data
This report is based on June 2026 Florida Realtors® SunStats data for the South Florida MSA and Broward, Palm Beach and Miami-Dade counties.
The percentages and prior-year figures shown are year-over-year comparisons. Regional and county statistics provide broad market context and should not be interpreted as a valuation of a particular property, condominium building or neighborhood.
