Broward County home sales rose for the fifth consecutive month in July 2026, according to market statistics released by MIAMI REALTORS + RWorld, the MIAMI MLS and BeachesMLS.
Total home sales increased 2.6% year over year to 2,157 transactions in July, up from 2,102 a year earlier. Single-family home transactions rose 7.96% year over year. Sales of homes priced at $1 million and above increased 33.9% year over year.
Among condominium price tiers, condo sales in the $400,000 to $500,000 range surged 9.7% compared with July 2025.
“Lifestyle, location and long-term demand — that’s why I love to live, work, and invest in Fort Lauderdale and Broward County,” said MIAMI REALTORS and RWorld Broward-Miami President Sophia Allen.
The report cited NAR data that the average homeowner in the Miami-Fort Lauderdale area has gained about $300,000 in equity over the last five years. It also said Fort Lauderdale ranked No. 7 in the U.S. among growth cities in a U-Haul study.
Broward single-family sales increased 7.96% year over year in July, rising from 1,055 to 1,139. Existing condo sales decreased 2.77% year over year, falling from 1,047 to 1,018.
The report attributed part of the condo market’s outlook to limited federal lending. It said only 21 of 2,397 condominium buildings in Miami-Dade, Broward and Palm Beach counties are approved for Federal Housing Administration loans, and that just 0.9% of South Florida condo buildings are FHA-approved.
The market report also said Fannie Mae and Freddie Mac eliminated the limited review option for many condo loans on Aug. 3. It added that updated guidelines are expected to create a more transparent and financially secure lending environment.
The report said condo prices decreased 3.77% year over year in July, from $265,000 to $255,000, and that condo inventory is declining year over year, which may support higher prices.
Single-family median prices rose 4.84% year over year in July, from $620,000 to $650,000.
The report said mortgage rates remain elevated. It cited Freddie Mac data that the 30-year fixed-rate mortgage was 6.54% in July.
It also reported that overall listing supply fell in Broward. Total active listings at the end of July decreased 18.9% year over year, from 17,205 to 13,949. Single-family active listings dropped 24.95% year over year, from 5,884 to 4,416. Condominium listings decreased 15.79% year over year, from 11,321 to 9,533, though the release said the total remains below pre-pandemic levels.
The report said the months’ supply of single-family inventory is 4.3 months, indicating a seller’s market, while existing condo inventory stands at 10 months, indicating a buyer’s market. It noted that a balanced market typically offers between six and nine months of supply.
Nationally, it said total housing inventory is 1.54 million units, according to NAR, down 0.6% from July 2025. It reported a 4.6-month supply of unsold inventory, unchanged from one year ago.
On the economic impact of housing activity, Broward sold 1,935 homes in July, for a local economic impact of $278 million. Broward’s total dollar volume rose 15.85% year over year to $1.4 billion, with single-family dollar volume increasing 20.6% to $1 billion and condo dollar volume increasing 4.89% to $378 million.
Distressed sales remained low. The report said 0.4% of closed residential sales in Broward were distressed in July, including REO and short sales.
State and national figures were also included. In Florida, the report said closed sales of statewide single-family homes totaled 23,870 in July, up 5.1% year over year, and that existing condo-townhouse sales totaled 8,194, up 11%. It added that the statewide median sales price for single-family existing homes was $425,000, up 3.7% year over year, and that the statewide median price for condo-townhouse units was $295,000, even versus last year.
For the nation, the report said total existing home sales increased 0.7% year over year to a seasonally adjusted annual rate of 4.06 million, according to NAR. It said median existing home prices rose to $434,100, up 2% from one year ago.
The report noted that the median days from listing to contract for single-family homes was 34 days and 74 days from listing to sale, and that condo timelines were longer, with 86 days to contract and 122 days to sale.
Finally, the report said cash sales accounted for 34.5% of Broward closed sales in July. It reported that cash sales were 49.9% of existing condo sales and 20.8% of single-family transactions.
To access July 2026 Broward Statistical Reports, the release directs readers to http://www.SFMarketIntel.com.