Broward Real Estate Update: May 2026

Broward Real Estate Update: May 2026

Broward Real Estate Update: May 2026.

The May numbers are in. Broward holds steady.

What the May 2026 Broward County market report tells buyers and sellers in West Broward right now.

Prices are steady. Inventory is tighter. Single-family homes are moving faster. Here is what that means for you.

Single Family Homes: Tight and Competitive

The single-family report for Broward County tells a clear story. Buyers are active, homes are moving faster, and inventory is tighter than it was a year ago. Closed sales rose 3.2 percent to 1,146 transactions, a sign that demand is holding strong heading into summer.

Closed Sales

1,146

+3.2% YoY

Up from 1,110 a year ago

Median Sale Price

$630K

+0.8% YoY

Up from $625,000 in May 2025

Days to Contract

35

-7.9% YoY

Down from 38 days, homes moving faster

Cash Sales

253

+6.3% YoY

Up from 238, strong cash activity

Active Inventory

4,560

-22.2% YoY

Down from 5,862, far fewer homes

Months Supply

4.5

-23.7% YoY

Down from 5.9, a tightening market

The median sale price held firm at $630,000, up slightly from a year ago, and sellers are receiving nearly 96 percent of their original asking price. The most telling number is days to contract dropping to 35. Well-priced homes in West Broward communities like Parkland, Coral Springs, and Weston are still moving fast. With inventory down more than 22 percent and just 4.5 months of supply, this remains a seller-leaning market.

Townhouses and Condos: A Different Picture

The condo and townhome segment tells a different story, and it is worth understanding why. Closed sales slipped slightly to 999, the median price held flat at $275,000, and homes are taking about 66 days to go under contract.

Closed Sales

999

-1.5% YoY

Down from 1,014 in May 2025

Median Sale Price

$275K

0.0% YoY

Unchanged from $275,000

Days to Contract

66

+1.5% YoY

Up from 65 days

Months Supply

10.6

-15.2% YoY

Down from 12.5, still a buyer's market

More than ten months of supply in the condo market is significant. That is a buyer's market by any definition, and it is creating real negotiating room for buyers who have flexibility on property type. For end users looking for an entry point into Broward, this segment offers genuine opportunity right now.

What This Means If You Own a Condo

With 10.6 months of supply and a flat median price, condo sellers need to be especially strategic about pricing and presentation. Homes that stand out on condition and are priced at the market, not above it, are the ones that close.

What West Broward Buyers Should Know Right Now

The single-family market in West Broward is as competitive as these numbers suggest. Inventory is down sharply, homes are going under contract faster, and cash buyers are increasingly active. If you are financing a purchase, the most important thing you can do is have your pre-approval locked in and your priorities clear before you start scheduling showings.

For Single Family Buyers

Inventory is tight and homes are moving in about 35 days. Come in pre-approved, know your neighborhoods, and be ready to act. This is not a market that rewards waiting.

For Condo Buyers

You have more leverage here. With 10.6 months of supply and flat prices, buyers in this segment have real negotiating room. Take your time, compare carefully, and use the data to your advantage.

What Sellers Need to Hear

If you own a well-maintained single-family home in West Broward and have been thinking about selling, May's numbers are encouraging. Buyers are active, inventory is shrinking, and sellers are still receiving close to their full asking price. The window to move in favorable conditions is open, but pricing it right from day one is still the most important decision you will make.

The Pricing Reality

Single-family homes are selling at nearly 96 percent of original list price. Buyers are not lowballing, but they are not overpaying either. Sellers who price with the market get offers. Sellers who price above it collect days on market and often sell for less than they would have if they had started correctly.

Let's Talk Through What This Means for You

Whether you are thinking about buying a single-family home in Parkland or Coral Springs, exploring the condo market as an entry point, or trying to figure out the right time to list, I am here to help you read these numbers in the context of your specific situation. The data tells a story, but the right move depends on you.

Carlos Caicedo, P.A.

Lanser-Caicedo Group | RE/MAX Direct

[email protected] | (754) 368-0783

Instagram: @CarlosSellsFlorida

www.CarlosSellsFlorida.com

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Carlos's main focus is to provide top-notch customer service backed by experience and integrity to every person he meets. If you find yourself in need of a realtor® with a heart combined and a powerful work ethic. Carlos Caicedo is the one you can always count on.

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