MIAMI — Broward $1M & up total home sales jumped year-over-year, according to January 2026 statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS).
Total $1M & up home sales increased 14% year-over-year, from 184 to 209 in January 2026.
“The greater Fort Lauderdale area is a top-ranked growth city in the U.S.,” BROWARD-MIAMI President Sophia Allen said. “People want to be here not just because of our weather but because of our jobs, boating opportunities, economic growth, schools, price appreciation, lifestyle, weather and more.”
New South Florida real estate rankings:
- #1 Ultra-Luxury Market in the U.S.: In 2025, South Florida posted the most $20M & up condo sales in its history; the second-most $10M & up total home sales in history; the second-most $10M & up single-family home sales; and the third-most $10M and up condo sales in history.
- #1 Market in the U.S. for Cash Buyers: The Miami MSA leads the nation in all-cash sales, which means many buyers are operating on liquidity, not debt, so elevated mortgage rates don’t deter them.
- #1 in the U.S. for Most Multifamily Construction: Southeast Florida has the most intense multifamily construction activity in the nation as of 2025 Q4, with 36,290 units, adding 9% to the current stock via MIAMI REALTORS® Research.
- #1 in Home Equity: Miami-Dade home equity gains are nearly 2X the national figure. As of 2025 Q4, Miami-Dade County homebuyers who purchased a single-family home 15 years ago have a median equity of $560,790 compared to $300,504 nationally via MIAMI REALTORS® Research.
Broward Total Home Sales
Total Broward sales decreased 1.9% year-over-year in January 2026, from 1,521 to 1,492.
Broward single-family $1M and up home sales increased 11% year-over-year in January 2026, from 149to 165. Broward $1M and up condo sales climbed 26% year-over-year in January 2026, from 35 to 44.
The sales total doesn’t include South Florida’s new construction, pre-construction and condo conversion sales because they are largely not reported in the MLS. But MIAMI led the charge to publish two new construction reports.
International buyers purchased 49% of new South Florida construction, pre-construction and condo conversion sales over an 18-month period ending in July 2025, according to MIAMI REALTORS® first-ever New Construction Global Sales Report in collaboration with industry leaders.
Our second New Construction Global Sales Report, published in November 2025, showed an increase in global sales and buyers from 73 countries, according to the MIAMI REALTORS® November 2025 Global Sales Report in collaboration with industry leaders.
Broward Single-Family Home and Condo Sales
Broward single-family home sales decreased 1.05% year-over-year in January 2026, from 765 to 757.
Broward existing condo sales declined 2.78% year-over-year in January 2026, from 756 to 735.
The lack of Federal Housing Administration loans for many existing Miami condominium buildings is preventing further market strengthening. Of the 2,397 condominium buildings in Miami-Dade, Broward and Palm Beach counties, only 21 are approved for FHA loans, according to statistics from the U.S. Department of Housing and Urban Development.
Just 0.9% of South Florida condo buildings are approved for FHA loans. Florida is the only state in the U.S. that requires a client to put down 25% for a limited review if the condo building doesn’t have enough in reserves. The requirement for every other state is 10%.
Broward Condominium Sale Prices Have Appreciated 92% in the Last 10 Years
Broward condo prices have risen 92.3% from January 2016 to January 2026, from $130,000 to $250,000. Broward condo prices decreased in January 2026 year over year, from $272,000 to $250,000.
Broward County single-family home median sale prices decreased 3.1% year-over-year in January 2026, from $640,000 to $620,000. Broward single-family prices have risen 118.3% from January 2016 to January 2026, from $284,000 to $620,000.
Miami’s surging multifamily market and the Florida Live Local Act should boost affordability in the future. Southeast Florida ranks No. 1 in the U.S. for most multifamily construction, according to MIAMI REALTORS® Research. This is important because it adds more overall housing/apartment supply to a city, creates more affordability and adds to Miami’s economic growth.
Florida’s Live Local Act, which was passed in 2023 and amended in May 2024, is encouraging developers to build more affordable housing. The Live Local Act gives developers the highest density allowed in a local area if they allocate 40% of its units for affordable housing. The state law defines an affordable unit as being at or below 120% of an area’s median income.
Miami remains a bargain in comparison to other global cities. For $1M, homebuyers can purchase 58 square meters of prime property in Miami, according to the 2025 Knight Frank Wealth Report. That is almost four times more than Monaco (19 square meters), nearly two times more than New York (34) and London (34) and more than Paris, Sydney, Tokyo and more.
Mortgage Rates Declining
Mortgage rates, which were above 7% at the start of 2025, have trended down in recent months. According to Freddie Mac, the 30-year fixed-rate mortgage was 6.10% in January 2026.
“Bolstered by falling mortgage rates in late 2025 and vigorous demand from high-end buyers, Southeast Florida’s housing market started off strongly in 2026,” MIAMI REALTORS® Chief Economist Gay Cororaton said. “Momentum is likely to strengthen in the months ahead as mortgage rates fall further and as wealth migration from New York and California accelerate due to potential tax policy changes.”
Total Broward Inventory is Below Pre-Pandemic; New Listings Drop
New listings are trending down and active listings are not growing as fast as they were at the start of the year.
Total active listings at the end of January 2026 decreased 3.1% year-over-year, from 16,474 to 15,966. Homebuyers are in a great position to find the right home and negotiate for a better price.
Inventory of single-family homes decreased 2.51% year-over-year in January 2026 from 5,213 active listings last year to 5,082 last month.
Condominium inventory decreased 3.35% year-over-year in January 2026, from 11,261 to 10,884 listings during the same period in 2025, but the total is still significantly below pre-pandemic.
Months’ supply of inventory for single-family homes is 5.1 months, which indicates a seller’s market. Inventory for existing condominiums is 11.5 months, which indicates a buyer’s market. A balanced market between buyers and sellers offers between six- and nine-months supply.
Nationally, total housing inventory is 1.22 million units, according to NAR. That is up 3.4% from January 2025 (1.18 million). There is 3.7-month supply of unsold inventory, up from 3.5 months from one year ago.
Broward Real Estate: $192 Million in Local Economic Impact
Every time a home is sold it impacts the economy: income generated from real estate industries (commissions, fees and moving expenses), expenditures related to home purchase (furniture and remodeling expenses), multiplier of housing related expenditures (income earned as a result of a home sale is re-circulated into the economy) and new construction (additional home sales induce added home production).
The total economic impact of a typical Florida home sale is $129,000, according to NAR. Broward sold 1,393 homes in January 2026 for a local economic impact of $192 million.
Broward total dollar volume increased 7.01% year-over-year in January 2026 to $1 billion.
Single-family home dollar volume increased 9.06% year-over-year to $740 million. Condo dollar volume increased 2.6% year-over-year to $286 million.
Broward Distressed Sales Remain at Historic Lows, Reflecting Healthy Market
Only 1.5% of all closed residential sales in Broward were distressed last month, including REO (bank-owned properties) and short sales.
Short sales and REOs accounted for 0.3% and 1.1%, respectively, of total Broward sales in January 2026.
National and State Statistics
In Florida, closed sales of single-family homes statewide totaled 16,298 in January 2026, up 5.9% year-over-year, while existing condo-townhouse sales totaled 6,084, up 5.1%.
The statewide median sales price for single-family existing homes was $405,000, down 1.2% year-over-year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $305,000, down 2.4% vs. last year. The median is the midpoint; half the homes sold for more, half for less.
Nationally, total existing home sales decreased 8.4% year-over-year to a seasonally adjusted annual rate of 3.91 million, according to NAR. Median existing home prices increased to $396,800, up 0.9% from one year ago ($393,400) – the 31st consecutive month of year-over-year price increases.
Broward Real Estate Attracting Near List Price
The median percent of original list price received for single-family homes was 95% in January 2026. The median percent of original list price received for existing condominiums was 92%.
The median number of days between listing and contract dates for Broward single-family home sales was 47 days, up from 43 days last year. The median time to sale for single-family homes was 88 days, up from 85 days last year.
The median number of days between the listing date and contract date for condos was 76 days, up from 68 days. The median number of days to sale for condos was 113 days, up from 108 days.
Broward Cash Sales More than National Figure
Cash sales represented 41.6% of Broward closed sales in January 2026, compared to 40.4% in January 2025. About 27% of U.S. home sales are made in cash, according to the latest NAR statistics.
Cash buyers are not deterred by rising rates. The high percentage of cash buyers reflects South Florida’s top position as the preeminent American real estate market for foreign buyers, who tend to purchase with all cash as well as some moving from more expensive U.S. markets who can buy more with their profits from real estate sales.
Cash sales accounted for 56.7% of all Broward existing condo sales and 26.9% of single-family transactions.
To access January 2026 Broward Statistical Reports, visit http://www.SFMarketIntel.com
Note: Statistics in this news release may vary depending on reporting dates. MIAMI reports exact statistics directly from its MLS system.
About the MIAMI Association of REALTORS®
The MIAMI Association of REALTORS® (MIAMI) was chartered by the NATIONAL ASSOCIATION OF REALTORS® in 1920, and is celebrating 106 years of service to REALTOR® members, the buying and selling public, and the communities in South Florida. Composed of six boards: MIAMI- RESIDENTIAL, MIAMI- COMMERCIAL; BROWARD-MIAMI, a division of MIAMI REALTORS®; JTHS-MIAMI, a division of MIAMI REALTORS® in the Jupiter-Tequesta-Hobe Sound area; MIAMI YPN, our Young Professionals Network Council; and the Corporate Board of Directors. MIAMI REALTORS® represent 60,000 total real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local REALTOR® association in the U.S. and has official partnerships with 299 international organizations worldwide. MIAMI’s official website is www.MiamiRealtors.com
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