Single Family Market Remains Strong, Condo Prices Down Slightly
South Florida’s housing market continued its steady trajectory in February 2026, with single family homes showing solid price growth and stable inventory levels. Condo markets remain mixed, with some price declines offset by strong sales activity and improving inventory trends in certain counties.
Single family closed sales in the tri-county area increased 4.7% year over year to 2,633 sales. The median sale price rose 3.1% to $660,000. Inventory declined slightly to 5.3 months of supply, down from 5.6 months last year, keeping the market balanced and slightly favoring sellers.
Closed condo sales increased 7.2% year over year to 2,370 sales, while the median sale price declined 1.4% to $340,000. Inventory improved to 11.3 months of supply, down from 11.4 months last year. While still elevated, condo inventory is beginning to stabilize across the region.
South Florida Real Estate Statistics – February 2026
Single family inventory declined to 5.3 months of supply, signaling a stable and balanced market across South Florida.
Broward County
Single family closed sales in Broward County increased 1.1% to 811 sales. Median sale prices rose 1.6% to $620,000, while inventory declined to 5.0 months of supply, down from 5.3 months last year. This is a seller’s market.
Condo sales declined 2.8% to 767 sales, while median prices fell 1.8% to $270,000. Inventory remained elevated at 11.5 months of supply, up from 11.4 months last year. The condo market in Broward is currently favoring buyers.
Broward County Real Estate Statistics – February 2026
Broward single family inventory dropped to 5.0 months of supply, tightening the market in favor of sellers.
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 7.9% to 1,089 sales. Median prices rose 4.3% to $675,000, while inventory declined to 4.9 months of supply, down from 5.7 months last year, making it the tightest single family market in South Florida.
Condo sales increased 11% to 758 sales, while median prices declined slightly 0.6% to $315,000. Inventory improved to 8.9 months of supply, down from 10.0 months last year.
Palm Beach County Real Estate Statistics – February 2026
Palm Beach County remains the tightest market in South Florida with just 4.9 months of single family supply and 8.9 months of condo supply.
Miami-Dade County
Single family closed sales in Miami-Dade increased 4.3% to 733 sales, while median prices rose 4.6% to $685,000. Inventory increased slightly to 6.2 months of supply, up from 5.8 months last year.
Condo sales surged 15% to 845 sales, while median prices declined 9.9% to $410,000. Despite strong sales volume, inventory rose to 13.4 months of supply, up from 12.6 months last year, the highest in South Florida.
Miami-Dade County Real Estate Statistics – February 2026
Miami-Dade condo inventory climbed to 13.4 months of supply, the highest in South Florida.
Summary
South Florida’s single family market remains stable with continued price growth and tightening inventory, particularly in Palm Beach County. Demand remains strong heading into the spring season.
The condo market continues to adjust, with price declines in some areas offset by strong sales growth. Inventory remains elevated, particularly in Miami-Dade, but shows signs of stabilization in other markets.
As we move into the peak buying season, buyers will find more opportunities in the condo market, while single family sellers continue to benefit from limited inventory and steady demand.
Source: Florida Realtors SunStats, February 2026.
