Broward County Real Estate Market Update – May 2026

Broward County May Real Estate Statistics

Broward County continues to show impressive strength as we move into the summer market. Sales are rising, inventory is shrinking rapidly, and homes are selling faster than they were a year ago. While price appreciation has moderated, the overall market remains highly competitive due to limited supply and growing buyer demand.

The theme this month is clear: inventory is disappearing faster than new homes are coming to market.

Let’s take a closer look.

Market Breakdown – May 2026 vs. May 2025

Median Sale Price: $630,000

📈 Up 1% year-over-year

Home values continue to edge higher. While appreciation has become more moderate, prices remain near record levels and continue to demonstrate market stability.

Closed Sales: 1,146 homes

📈 Up 3% year-over-year

Sales activity remains healthy, with more buyers successfully closing on homes than last year.

Active Inventory: 4,560 homes

🔻 Down 22% year-over-year

This is one of the most significant metrics this month. Inventory has fallen sharply, creating a more competitive environment across nearly every price point.

Pending Sales: 1,298 contracts

📈 Up 11% year-over-year

Pending sales continue to climb, indicating strong buyer demand and suggesting future closings should remain healthy throughout the summer.

Months of Inventory: 4.5 months

🔻 Down 24% year-over-year

Supply levels have tightened considerably and are now well below balanced-market conditions, placing Broward County firmly in seller-favored territory.

Days on Market: 35 days

🔻 Down 8% year-over-year

Homes are selling faster than they were a year ago, a clear indication that buyers are moving quickly when desirable properties become available.

New Listings: 1,617

🔻 Down 7% year-over-year

Fewer new listings are entering the market, further contributing to the ongoing inventory shortage.

What This Means for You

Buyers

Competition remains strong. With inventory down sharply and homes selling faster, buyers should be prepared to act quickly when the right opportunity appears.

Sellers

This continues to be an excellent market for sellers. Limited inventory, rising contract activity, and faster sales timelines create favorable conditions for achieving strong results.

Investors

Broward County continues to benefit from strong fundamentals. Tight supply and steady demand support long-term value growth and investment potential.

Final Thoughts

May’s numbers show a Broward County market that continues to tighten. Inventory is down more than 20%, pending sales are climbing, and homes are selling faster than they did a year ago.

The combination of shrinking supply and rising demand continues to favor sellers and supports pricing stability throughout the market.

As we head deeper into the summer season, Broward County remains one of South Florida’s most competitive housing markets.

Back to Palm Beach Blog