05/13/2026
So, how's the South Florida Real Estate Market Doing?
We have data through March 2026, so let's look at Q1:
Overall, March brought an uptick in sales activity across both counties and both property types ~ an expected seasonal acceleration.
Single-family prices have cooled slightly off their February highs, while condo/townhome prices are up (Palm Beach) or steady (Broward). Inventory is tightening across the board, all which is worth watching as we head into summer! ☀️
Looking 👀 for more details?
Broward County:
Single Family Homes: Closings surged about 35% (811 → 1,097), homes moved 10 days faster, and sellers received a higher share of list price (95.2% vs. 94.4%), even as the median price softened from $620K to $600K, signaling a busy but slightly more buyer-friendly market.
Townhomes/Condos: Closings climbed nearly 39% (767 → 1,064), days to contract shortened, sellers improved their list-price ratio, and inventory decreased slightly, with the median price essentially flat at $269,700, this segment is showing stable pricing with stronger transaction volume.
Palm Beach County
Single Family Homes: Closings jumped nearly 32% from February (1,089 → 1,434), with homes going under contract faster (42 days vs. 53) and inventory is tightening, though the median sale price eased about 4.4% from $675K to $645K, suggesting buyers gained a bit of negotiating room despite the surge in activity.
Townhomes/Condos: A strong rebound across the board — closings rose roughly 40% (758 → 1,061), the median price climbed from $315K to $330K (+4.8%), sellers captured more of their list price, and inventory dipped slightly, pointing to renewed buyer demand in this segment.
📲Call me if you want to talk about how the market affects what you are thinking about doing!
Allison Kaufman, REALTOR
CENTURY 21 Stein Posner
📲 561.212.4502
✨Count On Allison✨
