MIAMI — Broward County total home sales increased year over year, according to March 2026 statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS).
Total home sales increased 1.4% year-over-year. Sales of Broward properties priced at $1 million and above climbed 7.4% from a year earlier. At the more accessible end of the market, condo sales in the $500,000 to $600,000 price range surged 19.7% year-over-year.
“Broward County and Fort Lauderdale real estate benefit from their position between Miami-Dade and Palm Beach, two of the fastest-growing counties,” BROWARD-MIAMI President Sophia Allen said. “Buyers move to Broward from Miami because we have more land and more price accessibility, but we are all connected as many live in Broward and work in Miami and vice versa. The synergy among our three counties is what makes South Florida special.”
Top Broward rankings:
- Domestic migration to Broward County is increasing. Out-of-state driver license exchanges increased 6% year-over-year Broward in 2025, according to MIAMI REALTORS® Research. Top feeder states are: New York, California and New Jersey.
- In Miami–Fort Lauderdale, Fla., the average homeowner has gained about $300,000 in equity in the last five years via NAR data
- Fort Lauderdale ranked No. 7 in the. U.S. among growth cities via U-Haul study.
Broward Total Sales Rise
Total home sales increased 1.4% year-over-year in March 2026, from 2,132 to 2,161.
Sales of Broward properties priced at $1 million and above climbed 7.4% from a year earlier. At the more accessible end of the market, condo sales in the $500,000 to $600,000 price range surged 19.7% year-over-year
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 Sales Increase for the Seventh Consecutive Month
Broward single-family home sales increased 3.30% year-over-year in March 2026, from 1,062 to 1,097.
Broward existing condo sales decreased 0.56% year-over-year in March 2026, from 1,070 to 1,064.
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 99.8% Since 2011
Broward condo prices have increased 99.8% since 2011, from $135,000 to $269,700.
Broward condo median prices decreased 3.68% year-over-year in March 2026, from $280,000 to $269,700. Condo inventory is declining year-over-year, which will put upward pressure on prices.
Broward County single-family home median sale prices decreased 5.51% year-over-year in March 2026, from $635,000 to $600,000.
Broward single-family home prices have risen 115.4% since 2011, from $278,500 to $600,000.
South Florida’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.
South Florida 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 Forecasted to Increase Due to Geopolitical Events
Mortgage rates are trending up because of inflation, the Iran war and current geopolitical events. According to Freddie Mac, the 30-year fixed-rate mortgage was 6.18% in March 2026.
“Amid more challenging macroeconomic conditions, it’s fair to expect South Florida’s housing market to be more resilient than the national housing market due to sustained wealth migration,” MIAMI REALTORS® Chief Economist Gay Cororaton said. “South Florida has a larger presence of high-end cash buyers that make up over half of the market and who are less sensitive to rising mortgage rates.”
Total Broward Inventory Declines
Total active listings at the end of March 2026 decreased 12.1% year-over-year, from 17,635 to 15,501. Decreasing supply means more buyer competition and upward price pressure.
Inventory of single-family homes decreased 11.97% year-over-year in March 2026 from 5,482 active listings last year to 4,826 last month.
Condominium inventory decreased 12.16% year-over-year in March 2026, from 12,153 to 10,675 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 4.8 months, which indicates a seller’s market. Inventory for existing condominiums is 11.3 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 1.36 million units, according to NAR. That is up 2.3% from March 2025. There is 4.1-month supply of unsold inventory, up from 4 months from one year ago.
Broward Real Estate: $278 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 2,161 homes in March 2026 for a local economic impact of $278 million.
Broward total dollar volume increased 5.53% year-over-year in March 2026 to $1.4 billion.
Single-family home dollar volume increased 5.56% year-over-year to $978 million. Condo dollar volume increased 5.79% year-over-year to $410 million.
Broward Distressed Sales Remain at Historic Lows, Reflecting Healthy Market
Only 0.9% 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 0.2% and 0.6%, respectively, of total Broward sales in March 2026.
National Sales Decline Year over Year
In Florida, closed sales of single-family homes statewide totaled 24,497 in March 2026, up 5.9% year-over-year, while existing condo-townhouse sales totaled 9,423, up 12%.
The statewide median sales price for single-family existing homes was $420,000, up 1.8% 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 $315,000, even vs. last year. The median is the midpoint; half the homes sold for more, half for less.
Nationally, total existing home sales decreased 1% year-over-year to a seasonally adjusted annual rate of 3.98 million, according to NAR. Median existing home prices increased to $408,800, up 1.4% from one year ago ($403,100) – the 33rd 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 March 2026. The median percent of original list price received for existing condominiums was 93%.
The median number of days between listing and contract dates for Broward single-family home sales was 44 days, up from 42 days last year. The median time to sale for single-family homes was 81 days, up from 77 days last year.
The median number of days between the listing date and contract date for condos was 70 days, up from 61 days. The median number of days to sale for condos was 105 days, up from 97 days.
Broward Cash Sales More than National Figure
Cash sales represented 38.7% of Broward closed sales in March 2026, compared to 39.3% in March 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 54.9% of all Broward existing condo sales and 22.9% of single-family transactions.
To access March 2026 Broward County 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 301 international organizations worldwide. MIAMI’s official website is www.MiamiRealtors.com
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