South Florida real estate market report.
Median prices, days on market, inventory levels, and buyer demand data for Palm Beach, Broward, Miami-Dade, and St. Lucie counties — updated from closed MLS data.
Market conditions across South Florida by county.
South Florida real estate remains one of the most active markets in the country. Palm Beach and Broward counties continue to see below-average days on market and constrained inventory. Miami-Dade has moved closer to balanced conditions. Across all four counties, correctly priced homes still generate strong buyer interest — overpriced listings are sitting longer and requiring reductions before finding a buyer.
Palm Beach County
Browse listings →Strongest demand in Jupiter, Palm Beach Gardens, and Boynton Beach. The $400K–$700K range sees the most competing offers.
Broward County
Browse listings →Fort Lauderdale and Pembroke Pines continue absorbing Miami-Dade migration. Condo market stabilizing after Champlain legislation changes.
Miami-Dade County
Browse listings →Luxury segment ($2M+) active with strong international demand. Coral Gables and Coconut Grove lead price-per-square-foot. Overall market near balanced.
St. Lucie County
Browse listings →Port St. Lucie and Tradition remain active for new construction buyers priced out of Palm Beach County. More supply gives buyers better negotiating position.
What the numbers mean for buyers and sellers.
Under 3 months = seller's market. Buyers face competition and should move quickly on well-priced homes.
Under 3 months means fewer competing listings. Correctly priced homes generate multiple offers.
Fast-moving market means fewer days to make a decision. Pre-approval in hand before searching is essential.
Homes priced right go quickly. Each extra week on market signals a pricing problem to buyers.
2–4% annual appreciation means waiting costs money. A $500K home appreciates $10K–$20K per year on average.
Equity continues building. The gap between your current price and what you purchased for has likely widened.
Ratios above 97% mean offers below list are typically not accepted. Aggressive lowballing wastes time.
Most South Florida homes are closing near or at list price. Strategic pricing generates full-price or above-list offers.
South Florida market buyer & seller FAQ
Is South Florida a buyer's market or seller's market in 2026?+
It depends on the county and price range. Palm Beach and Broward remain seller-leaning markets — inventory under 3 months favors sellers. Miami-Dade at 3.4 months is approaching balanced. In all three markets, the $300K–$600K segment is the most competitive. Luxury above $2M is buyer-leaning in most areas.
Are home prices still rising in South Florida?+
Yes, but at a slower pace than 2021–2023. Median prices across South Florida are up 2–4% year over year as of spring 2026. The double-digit appreciation of the pandemic era has normalized. Markets with constrained supply — particularly Palm Beach County — continue to see steady price pressure.
How long does it take to sell a home in South Florida?+
Median days on market across South Florida ranges from 38 days (Palm Beach County) to 55 days (St. Lucie County). Correctly priced homes in desirable neighborhoods still go under contract within 1–2 weeks. Overpriced listings accumulate days on market, typically requiring price reductions before finding a buyer.
What is driving demand in South Florida real estate?+
Net migration into Florida from the Northeast and Midwest remains a primary demand driver. No state income tax, year-round climate, and strong job markets in finance, healthcare, and technology continue to attract buyers. Remote work flexibility has also expanded the buyer pool — households that previously needed proximity to major metros now have more geographic freedom.
Should I wait to buy in South Florida or buy now?+
Timing the market is not a reliable strategy. South Florida has shown consistent long-term appreciation, and predicting short-term price movements is not possible with confidence. The more useful question is whether you can afford the payment at current rates and whether you plan to hold the property long enough to absorb any market fluctuations. For buyers with stable income and a 5+ year horizon, waiting carries its own risk: continued price appreciation and the possibility of higher rates.
Data note: Market statistics on this page are derived from closed MLS transactions reported through Beaches MLS and Miami REALTORS MLS. Median prices, days on market, and months of supply reflect trailing 90-day averages. Data is updated quarterly. Last updated May 2026. Individual submarket conditions may vary significantly from county-level averages. Contact Pure Equity Realty for neighborhood-specific analysis.
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Whether you’re buying, selling, or just tracking the market — we give you straight answers based on current data, not sales pitches.