Broward County home sales increased year over year for the 3rd successive month in Might 2026, signaling continued resilience in South Florida’s housing market even as price gains moderate and stock characteristics diverge across residential or commercial property types, according to data released by the Miami Association of Realtors.
Total closed transactions increased 0.9% from a year earlier, rising from 2,124 to 2,145 sales. The modest total gain masked stronger efficiency in key sections, especially single-family homes and higher-end properties, while the apartment market showed blended volume patterns together with stable prices.
Single-family home sales climbed up 3.2% year over year to 1,146 transactions, up from 1,110 a year previously, showing sustained need for detached real estate amidst tight supply conditions. By contrast, existing condo sales edged down 1.5% to 999 deals from 1,014, underscoring continuous pressure in the multifamily segment even as prices holds company.
High-end activity stayed a notable driver of market momentum. Sales of Broward homes priced at $1 million and above rose 17.6% compared with Might 2025, suggesting ongoing inflows of high-net-worth buyers into South Florida’s seaside and suburban submarkets. At the exact same time, more economical condo segments likewise saw renewed traction, with systems priced in between $400,000 and $500,000 publishing a 12% year-over-year increase in sales volume.
Pricing trends remained broadly stable on a yearly basis however continue to reflect a structurally raised market compared to pre-pandemic levels. The mean sale price for single-family homes rose 0.8% year over year to $630,000 from $625,000. Condominium mean prices were the same at $275,000 versus a year earlier.
Longer-term appreciation underscores the magnitude of the region’s housing cycle. Condo rates in Broward County have risen 104% given that 2010, when the average stood at roughly $135,000. Single-family home rates have actually increased even more sharply, increasing 126.2% considering that 2008, when the typical was $278,000.
Regardless of current stability in heading prices, inventory trends recommend prospective upward pressure ahead, particularly in the apartment market. Listings because segment have been decreasing year over year, tightening up offered supply even as need stabilizes. Market individuals note that constrained stock, especially in well-located or refurbished residential or commercial properties, continues to support pricing floorings even in a greater rates of interest environment.
The data indicate a bifurcated market structure: resilient demand in single-family and high-end sectors, and a more well balanced but tightening apartment market where volume softness may soon pave the way to restored rate momentum if supply continues to agreement.
In general, Might’s figures enhance a wider pattern in South Florida real estate– consistent absorption, selective strength in higher rate tiers, and consistent structural deficiency in desirable real estate stock– keeping the region’s home market among the most carefully enjoyed in the country.