Broward County Mid-Market Condo Sales Rise Again
Broward County mid-market condo sales increased double digits, according to September 2026 statistics released today by MIAMI REALTORS® + RWorld, the MIAMI MLS, and BeachesMLS.
Broward condos priced between $500,000 and $600,000 rose 8%% year-over-year in September 2026, from 40 to 43.
“Broward is in a great position, right in the middle of South Florida’s thriving five-county real estate market,” said Sophia Allen, president of MIAMI REALTORS® + RWorld BROWARD-MIAMI. “You can live in Broward and work in Miami, or the other way around. That flexibility, along with a range of housing options, makes Broward a great place to call home.”
Top Broward rankings/stats:
Domestic migration to Broward County is increasing. Out-of-state driver license exchanges increased 6% year-over-year in 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 a U-Haul study.
Broward County Single-Family Home Sales Increase
Broward $1M and up single-family home sales rose 2% year-over-year, from 176 to 180.
Total home sales decreased 9.7% year-over-year in September 2026, from 2,021 to 1,825. Condo transactions declined 12.54% year-over-year, from 865 to 824. Single-family home sales decreased 7.1% year over year, from 1,048 to 974.
The decrease reflects mortgage rates rising nearly 0.6 percentage points since early September to 7.46%, limited inventory in certain price ranges, and uncertainty before and following Florida’s Oct. 6 state of emergency ahead of Hurricane Isaias. Although South Florida was not among the 29 affected counties, hurricane threats can delay mortgage approvals, loan funding, and real estate closings.
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.
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.
Fannie Mae and Freddie Mac eliminated the limited review option for many condo loans on Aug. 3, 2026. For decades, Florida condominium borrowers and owners faced stricter lending standards and higher financing hurdles than those in many other states. The updated guidelines are expected to create a more transparent and financially secure lending environment.
Broward Condominium Sale Prices Have Appreciated 217% Since 2010
Broward condo prices have increased 217% since 2010, from $74,000 to $235,000. South Florida condos are a long-time national leader in price appreciation.
Broward condo prices decreased 14.55% year-over-year in September 2026, from $275,000 to $235,000. Condo inventory is declining year-over-year, which will put upward pressure on prices.
Broward County single-family home median sale prices increased 2.39% year-over-year in September 2026, from $626,500 to $641,500.
Broward single-family prices have risen 227.3% since 2010, from $196,000 to $641,500.
MIAMI + RWorld Offering First-Time Homebuyer Grants to Support Housing Affordability
MIAMI REALTORS® + RWorld supports its community through two foundations, including the RWorld Community Foundation, which is committed to expanding access to homeownership and helping families achieve financial stability. Over the past five years, the RWorld Foundation has contributed $180,000 toward closing costs for low-income South Florida homebuyers, helping reduce the upfront financial barriers to purchasing a home.
The RWorld Community Foundation offers eligible first-time homebuyers purchasing a residence in Broward, Palm Beach, or St. Lucie County grants of up to $2,500 toward closing costs. Grant guidelines include: applicants must be first-time homebuyers or have not owned a home in the past three years, must be employed, and have low-income levels as defined by the Florida Bond Program. More info: https://rworldcares.com/closing-costs-grant
MIAMI REALTORS® + RWorld continues to support cross-sector stakeholder solutions – like removing obstacles to permitting and zoning, funding the Florida Hometown Heroes Program, and creating pathways for accessory dwelling units (ADUs) – to facilitate both the creation and preservation of safe and affordable housing.
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 their 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 2026 Knight Frank Wealth Report. That is almost four times more than Monaco (16 square meters), nearly two times more than New York (34) and London (33), and more than Paris (37) and Tokyo (37) and more.
Elevated Mortgage Rates Climb Impacting Home Sales
Mortgage rates have risen nearly 0.6 percentage points since September 1, 2026, to 7.46% as of Oct. 13, 2026. Home sales are sensitive to mortgage rate increases.
A combination of inflationary pressures, federal debt, and competition for investor capital is keeping rates elevated.
“We are continuing to see the negative impact of soaring mortgage rates on homebuyers, but upper-end buyers have remained active, with this trend likely to continue through next year as mortgage rates remain elevated,” MIAMI REALTORS® + RWorld Chief Economist Gay Cororaton said.
Total Broward Inventory Declines for Eighth Consecutive Month
Total active listings at the end of September 2026 decreased 14% year-over-year, from 16,205 to 13,933. Decreasing supply means more buyer competition and upward price pressure.
Inventory of single-family homes decreased 18.1% year-over-year in September 2026 from 5,311 active listings last year to 4,351 last month.
Condo inventory declined for the eighth consecutive month. Condominium inventory decreased 12% year-over-year in September 2026, from 10,894 to 9,582 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 4.2 months, which indicates a seller’s market. Inventory for existing condominiums is 10.2 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 1.60 million units, according to NAR. That is up 4.6% from September 2025. There is a 4.8-month supply of unsold inventory, up from 4.5 months a year ago.
Broward Real Estate: $235 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 1,825 homes in September 2026 for a local economic impact of $235 million.
Broward total dollar volume increased 6.97% year-over-year in September 2026 to $1.1 billion.
Single-family home dollar volume decreased 2.38% year-over-year to $800 million. Condo dollar volume decreased 17.24% year-over-year to $296 million.
Broward Distressed Sales Remain at Historic Lows, Reflecting Healthy Market
Only 1.1% 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 0.8%, respectively, of total Broward sales in September 2026.
State & National Sales
In Florida, closed sales of single-family homes statewide totaled 20,537 in September 2026, down 3.5% year-over-year, while existing condo-townhouse sales totaled 7,179, down 0.1%.
The statewide median sales price for single-family existing homes was $415,000, up 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 $293,500, down 1.8% vs. last year. The median is the midpoint; half the homes sold for more, half for less.
Nationally, total existing home sales increased 2.2% year-over-year to a seasonally adjusted annual rate of 3.99 million, according to NAR. Median existing home prices increased to $417,500, up 1.3% from one year ago ($412,300) – the 39th 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 96% in September 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 39 days, up from 48 days last year. The median time to sale for single-family homes was 77 days, up from 87 days last year.
The median number of days between the listing date and contract date for condos was 69 days, up from 73 days. The median number of days to sale for condos was 105 days, up from 111 days.
Broward Cash Sales More Than National Figure
Cash sales represented 38.8% of Broward closed sales in September 2026, compared to 36.5% in September 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 54.7% of all Broward existing condo sales and 24.9% of single-family transactions.
To access September 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 MIAMI REALTORS® + RWorld
MIAMI REALTORS® + RWorld 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 eight boards: MIAMI RESIDENTIAL, COMMERCIAL; BROWARD; JTHS; PALM BEACH; TREASURE COAST; YOUNG PROFESSIONALS NETWORK (YPN); and the Corporate Board of Directors. MIAMI REALTORS® + RWorld represent approximately 93,000 total real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local REALTOR® association in the world and has official partnerships with 307 international organizations worldwide. MIAMI REALTORS® + RWorld, along with their respective Multiple Listing Services, MIAMI MLS and BeachesMLS, merged on May 11, 2026, in the largest merger in NAR history. The organization’s proposed new name will be Miami and South Florida REALTORS®, pending approval by NAR. MIAMI’s official website is www.MiamiRealtors.com. RWorld’s official website is www.RWorld.com