<\/p>\n
Broward County home sales rose 21.1% in June from a year earlier, marking the fourth consecutive month of year-over-year gains as active listings fell, according to statistics released by MIAMI REALTORS + RWorld, the MIAMI MLS and BeachesMLS.<\/p>\n
Total closed sales increased to 2,347 in June from 1,938 a year earlier. Single-family home transactions climbed 26% to 1,298, while existing condominium sales increased 15.5% to 1,049. Sales of homes priced at $1 million and above rose 35%, from 243 to 328.<\/p>\n
A shrinking supply and strong high-end demand are likely to keep upward pressure on prices and intensify competition for buyers in many neighborhoods, according to MIAMI REALTORS + RWorld.<\/p>\n
Total active listings at the end of June dropped 19.5% year over year to 14,153 from 17,583. Single-family inventory fell 24.3% to 4,465, and condominium listings declined 17.1% to 9,688.<\/p>\n
Months\u2019 supply of inventory stood at 4.3 months for single-family homes, a seller\u2019s market, and 10.1 months for condos, which indicates a buyer\u2019s market. A balanced market is typically six to nine months\u2019 supply.<\/p>\n
Median sale prices showed mixed movement. Broward single-family median sale price rose 2.4% year over year to $645,000, up from $629,950. Existing condo median price fell 1.8% to $265,000 from $269,950, though condo prices have climbed 258% since 2010, from $74,000 to $265,000. Single-family prices have risen 229% since 2010, from $196,000 to $645,000.<\/p>\n
The market\u2019s mix of buyers includes a high share of cash purchasers: cash sales made up 37.1% of Broward closed sales in June, compared with roughly 25% nationwide. Cash transactions accounted for 53.4% of condo sales and 23.8% of single-family sales in the county.<\/p>\n
Out-of-state migration and wealth movement are also factors. MIAMI REALTORS Research reported a 6% increase in out-of-state driver license exchanges in Broward in 2025, with top feeder states of New York, California and New Jersey. The groups\u2019 research cited national data that homeowners in the Miami-Fort Lauderdale area have gained about $300,000 in equity over the past five years.<\/p>\n
\u201cWhile sales broadly rose across price tiers, the million-dollar segment continued to outperform, with June sales up 40% from one year ago, a clear indication of the acceleration in wealth migration to South Florida,\u201d MIAMI REALTORS + RWorld chief economist Gay Cororaton said.<\/p>\n
Lending constraints remain a headwind for some buyers. Only 21 of the region\u2019s 2,397 condominium buildings are approved for Federal Housing Administration loans, about 0.9% of buildings in Miami-Dade, Broward and Palm Beach counties, U.S. Department of Housing and Urban Development data show.<\/p>\n
Fannie Mae and Freddie Mac plan to eliminate the limited-review option for many condo loans beginning Aug. 3, 2026, a change the release said should increase transparency and financial security in condo lending.<\/p>\n
Market activity generated an estimated $302 million in local economic impact in June, calculated by applying a $129,000 per-sale economic multiplier to the 2,347 homes sold.<\/p>\n
Broward\u2019s total dollar volume rose 30.2% year over year to about $1.6 billion; single-family dollar volume was about $1.2 billion and condo volume about $382 million.<\/p>\n
Condo sales in the $400,000 to $500,000 range increased 26% year over year. Distressed sales remained low at 0.8% of closed transactions. Mortgage rates were higher nationally, with the 30-year fixed-rate at 6.49% in June, according to Freddie Mac.<\/p>\n
MIAMI REALTORS + RWorld also highlighted new-construction activity in South Florida. Their reporting excluded many new construction and pre-construction transactions from the MLS totals but noted international buyers purchased 49% of new construction and conversion sales over an 18-month period ending July 2025. A follow-up report in November 2025 showed buyers from 73 countries.<\/p>\n
In summary, Broward\u2019s market shows stronger sales and shrinking listings, driven in part by high-end demand and out-of-state buyers, even as lending limitations for condos and rising mortgage rates shape who can buy and how quickly.<\/p>\n","protected":false},"excerpt":{"rendered":"Broward County home sales rose 21.1% in June from a year earlier, marking the fourth consecutive month of…\n","protected":false},"author":2,"featured_media":357178,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[506,17549,740,741,28,249,251,250,26019,66591,101242,14161,26686,106750,8633],"class_list":["post-357177","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-lauderdale","tag-broward-county","tag-condominium","tag-economy","tag-finance","tag-florida","tag-fort-lauderdale","tag-fort-lauderdale-headlines","tag-fort-lauderdale-news","tag-freddie-mac","tag-inventory","tag-miami-metropolitan-area","tag-price","tag-private-sector","tag-procurement","tag-sales"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/357177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=357177"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/357177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/357178"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=357177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=357177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=357177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}