Inventory Tightens Further as South Florida Condo Market Continues to Improve
South Florida’s housing market remained active in April 2026, with inventory continuing to tighten across both single family and condo markets. While single family prices were mostly flat or slightly lower year over year, condo markets showed continued signs of recovery with improving prices and declining supply across most counties.
Single family closed sales in the tri-county area increased 6.3% year over year to 3,542 sales. The median sale price remained unchanged at $650,000. Inventory declined to 4.8 months of supply, down from 5.9 months last year, continuing to favor sellers.
Closed condo sales rose 3.6% year over year to 3,198 sales, while the median sale price increased 4.4% to $355,000. Inventory declined to 10.8 months of supply, down from 12.2 months last year. This marks another month of improving condo conditions across South Florida.
South Florida Real Estate Statistics – April 2026
South Florida condo inventory declined to 10.8 months of supply while median prices increased 4.4% year over year.
Broward County
Single family closed sales in Broward County increased 7.6% to 1,134 sales. Median prices declined 1.6% to $620,000, while inventory dropped to 4.6 months of supply, down from 5.7 months last year, continuing to tighten the market.
Condo sales rose 1.8% to 1,105 sales, while median prices declined 7.9% to $258,000. Inventory improved to 11.0 months of supply, down from 12.3 months last year.
Broward single family inventory dropped to just 4.6 months of supply, tightening conditions for buyers.
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 increased 3.6% to 1,376 sales. Median prices rose 0.8% to $650,000, while inventory declined to 4.4 months of supply, down from 5.9 months last year, remaining the tightest market in South Florida.
Condo sales increased 6.2% to 1,060 sales, while median prices jumped 6.3% to $340,000. Inventory declined sharply to 8.2 months of supply, down from 10.4 months last year, showing continued strength in the Palm Beach condo market.
Palm Beach condo inventory dropped to just 8.2 months of supply while prices climbed more than 6% year over year.
Miami-Dade County
Single family closed sales in Miami-Dade increased 8.6% to 1,032 sales, while median prices slipped 1.5% to $670,000. Inventory declined to 5.4 months of supply, down from 6.3 months last year, continuing to tighten toward equilibrium.
Condo sales increased 2.8% to 1,033 sales, while median prices rose 1.1% to $450,000. Inventory declined to 12.9 months of supply, down from 13.7 months last year, though still the highest in South Florida.
Miami-Dade condo inventory continues trending downward, though it remains the highest in South Florida at 12.9 months.
Summary
South Florida’s single family market remained balanced in April, with tightening inventory and strong sales activity continuing across the region. Despite modest pricing changes in some counties, demand remains steady heading into the summer market.
The condo market continues showing signs of improvement, particularly in Palm Beach County where both prices and absorption strengthened significantly. Inventory levels are declining region-wide, helping stabilize pricing after several years of elevated supply.
As inventory continues tightening across South Florida, buyers and sellers alike should pay close attention to local market trends and work with experienced agents who understand these rapidly evolving conditions.
Source: Florida Realtors SunStats, April 2026.
