Broward County Real Estate Market Report — June 2026
The Broward County housing market in June 2026: the median single-family home sold for $645,000, up 2.4% from a year ago, while the median condo sold for $265,000, down 1.8%. Total home sales climbed for the 4th consecutive month (up 21.1% year over year), inventory fell 19.5%, and 37.1% of all purchases were all-cash. Single-family homes remain in a seller's market at 4.3 months of supply; condos are a buyer's market at 10.1 months. Here is the full data, updated monthly by PBP Real Estate, LLC.
Broward County Housing Market: June 2026 by the Numbers
| Metric | Single-Family | Condo/Townhouse |
|---|---|---|
| Median sale price | $645,000 (+2.4% YoY) | $265,000 (−1.8% YoY) |
| Closed sales | 1,298 (+26.0%) | 1,049 (+15.5%) |
| Active inventory | 4,465 (−24.3%) | 9,688 (−17.1%) |
| Months of supply | 4.3 (seller's market) | 10.1 (buyer's market) |
| Median days to contract | 38 (vs 42 a year ago) | 71 (up from 63) |
| % of original list price received | 96% | 93% |
Key facts behind the numbers
- Sales are accelerating: total closings rose 21.1% year over year to 2,347 — the 4th straight month of gains. Total dollar volume jumped 30.2% to $1.6 billion.
- Luxury leads: sales of $1 million and up climbed 35% year over year to 328 closings, and $400,000–$500,000 condo sales surged 26%.
- Cash remains strong: 37.1% of all Broward closed sales in June 2026 were cash (versus about 25% nationally). For condos, cash covered 53.4% of sales.
- Supply is tightening: total active listings fell 19.5% year over year to 14,153, with single-family inventory down 24.3% — more buyer competition and upward price pressure.
- Migration continues: out-of-state driver license exchanges into Broward rose 6% in 2025 (top feeder states: New York, California, New Jersey), and Fort Lauderdale ranked No. 7 among U.S. growth cities in U-Haul's study.
- Distressed sales are near zero: just 0.8% of closings were short sales or bank-owned — a fundamentally healthy market.
- Rates and financing: the 30-year fixed mortgage averaged 6.49% in June 2026 (Freddie Mac). Condo financing remains the chokepoint — under 1% of South Florida condo buildings are FHA-approved, though Fannie Mae and Freddie Mac guideline updates arriving August 2026 are expected to improve condo lending transparency.
Sources: MIAMI REALTORS® + RWorld / BeachesMLS June 2026 statistics; Freddie Mac Primary Mortgage Market Survey; National Association of REALTORS®; MIAMI REALTORS® Research.
What this means if you're selling in Broward County
Single-family sellers still hold the leverage: 4.3 months of supply, 38 days to contract, and 96% of original list price received — with demand up 26% year over year. Condo sellers face a genuine buyer's market (10.1 months of supply, 71 days to contract) where pricing strategy, building financials, and presentation decide the outcome; the bright spot is the $400,000–$500,000 band, where sales surged 26%. If you want to know what the June data means for your specific home, request a free home valuation from PBP Real Estate, LLC and we will run the numbers for your neighborhood, not just the county.
Broward County Market Report: Questions & Answers
Is Broward County a buyer's or seller's market right now?
Single-family homes are in a seller's market at 4.3 months of supply as of June 2026. Condos and townhouses are in a buyer's market at 10.1 months of supply, giving condo buyers real negotiating room.
What is the median home price in Broward County?
The median single-family home price was $645,000 in June 2026, up 2.4% year over year. The median condo price was $265,000, down 1.8%.
How long does it take to sell a house in Broward County?
The median single-family home went under contract in 38 days in June 2026, with a median total time to sale of 77 days. Condos took 71 days to contract and 109 days to close.
Are home prices in Broward County going up or down?
Mixed. Single-family prices rose 2.4% year over year in June 2026, while condo prices slipped 1.8%. Falling inventory (down 19.5%) continues to put upward pressure on single-family prices; the condo market gives buyers more leverage.
How many Broward County homes are bought with cash?
37.1% of June 2026 closings were all-cash — well above the national average of about 25%. For condos, 53.4% of sales were cash, driven by relocation buyers, investors, and international purchasers.
This report is prepared monthly by PBP Real Estate, LLC (Fla. license CQ1064615), Boca Raton, Florida, using MLS and industry data believed reliable but not guaranteed. Portions of our research and content workflow are AI-assisted and reviewed by our licensed team — see our AI Policy. See also our Palm Beach County Market Report.