MIAMI — Broward County total home sales rose year over year for the third consecutive month, according to May 2026 statistics released by MIAMI REALTORS + RWorld, the MIAMI MLS and BeachesMLS.

Total home sales increased 0.9% year-over-year. Single-family home transactions rose 3.2%, while condo sales increased 5.4%.

Sales of Broward properties priced at $1 million and above climbed 17.6% from a year earlier. At the more accessible end of the market, condo sales in the $400,000 to $500,000 price range surged 12% year-over-year.

“The continued growth of South Florida real estate is driven in large part by the connectivity between our counties,” MIAMI REALTORS + RWorld BROWARD-MIAMI President Sophia Allen said. “Brightline and Tri-Rail are strengthening regional mobility, giving residents greater flexibility in where they live and work. At the same time, the significant wealth migration into our region continues to fuel demand.”

Total Sales Rise

Total Broward sales increased 0.9% year-over-year in May 2026, from 2,124 to 2,145.

Broward single-family home sales increased 3.24% year-over-year in May, from 1,110 to 1,146.

Existing condo sales decreased 1.48% year-over-year in May, from 1,014 to 999.

The lack of Federal Housing Administration loans for many existing 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 are eliminating the limited review option for many condo loans beginning 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.

Total Inventory Declines

Total active listings at the end of May 2026 decreased 18.6% year-over-year, from 17,959 to 14,615. Decreasing supply means more buyer competition and upward price pressure.

Inventory of single-family homes decreased 22.21% year-over-year in May 2026 from 5,862 active listings last year to 4,560 last month.

Condominium inventory decreased 16.88% year-over-year in May 2026, from 12,097 to 10,055 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 4.5 months, which indicates a seller’s market. Inventory for existing condominiums is 10.6 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 1.55 million units, according to NAR. That is up 0.6% from May 2025. There is 4.5-month supply of unsold inventory, down slightly from 4.6 months from one year ago.

State and National Sales

In Florida, closed sales of single-family homes statewide totaled 24,915 in May 2026, up 0.6% year-over-year, while existing condo-townhouse sales totaled 8,897, up 6.6%.

The statewide median sales price for single-family existing homes was $425,000, up 2.4% 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 $306,990, down 1% vs. last year. The median is the midpoint; half the homes sold for more, half for less.

Nationally, total existing home sales increased 3.2% year-over-year to a seasonally adjusted annual rate of 4.17 million, according to NAR. Median existing home prices increased to $429,300, up 1.3% from one year ago ($423,700) — the 35th consecutive month of year-over-year price increases.

Real Estate Attracting Near List Price

The median percent of original list price received for single-family homes was 96% in May 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 35 days, up from 38 days last year. The median time to sale for single-family homes was 73 days, up from 78 days last year.

The median number of days between the listing date and contract date for condos was 66 days, up from 65 days. The median number of days to sale for condos was 104 days, up from 100 days.

Cash Sales More than National Figure

Cash sales represented 36.1% of Broward closed sales in May 2026, compared to 35.1% in May 2025. About 25% 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 52.2% of all Broward existing condo sales and 22.1% of single-family transactions.

To access May 2026 Broward Statistical Reports, visit http://www.SFMarketIntel.com.