The February 2026 real estate market in Miami-Dade County reflects a balanced yet resilient landscape, with steady demand supporting price growth despite rising inventory levels. Single-family homes continue to perform strongly, with the median sale price reaching $685,000, a solid indicator of buyer confidence in well-located properties. Closed sales for single-family homes stood at 733, showing consistent activity even as the market offers more choices to buyers. Inventory has increased to 5,310 active listings, translating to about 6.2 months of supply, which provides a healthier balance compared to the ultra-competitive conditions of recent years. This shift gives serious buyers more negotiating power while still favoring sellers in desirable neighborhoods.
On the condo and townhouse side, the story is more nuanced but equally telling. With 845 closed sales and a median price of $410,000, this segment saw robust volume, though at lower price points than single-family homes. The higher inventory of 12,316 active listings and 13.4 months of supply points to a buyer-friendly environment in many condo markets, where increased options can lead to longer days on market (median time to sale at 119 days) and more selective purchasing. Cash purchases remain significant at 467, highlighting the role of investors and international buyers who continue to see South Florida as a prime destination.
These dynamics suggest a market transitioning toward greater equilibrium: single-family homes maintain momentum with appreciation and quicker movement (median 93 days to sale), while condos offer opportunities for value-driven buyers amid softer pricing pressure in some segments. Overall, Miami-Dade's appeal, driven by lifestyle, economic growth, and migration trends, keeps the market active and forward-looking.
Shifting focus to Broward County, the numbers reveal a similar pattern of stability with subtle differences in momentum. (Note: The provided stats appear to mirror Miami-Dade's figures closely, which may reflect a draft or shared template; recent market data indicates Broward single-family medians closer to the $620,000 range with slightly tighter inventory in some reports, but using your presented data for consistency.) Single-family homes show closed sales at 733 and a median of $685,000, with strong cash involvement (208) and efficient movement (55 days to contract on average). The 6.2 months of supply indicates a balanced market that's not overheated, allowing for thoughtful decisions without extreme competition.
For townhouses and condos, Broward mirrors the condo-heavy inventory trend seen in Miami-Dade, with 845 closings, a $410,000 median, and notably higher supply at 13.4 months. This creates favorable conditions for buyers seeking affordability and amenities, though it contributes to longer timelines (83 days to contract, 119 to sale). New pending sales (1,173) and listings (2,166) signal ongoing interest and fresh supply entering the market.
Both counties demonstrate South Florida's enduring draw: resilient pricing in single-family segments, elevated condo inventory offering entry points, and sustained buyer engagement from local, relocating, and investment sources. Whether you're considering selling to capitalize on current values or buying amid more options, this balanced environment rewards informed strategies.
If you're ready to dive deeper into how these trends impact your specific neighborhood or property type, reach out. I'd be happy to provide a personalized analysis tailored to your goals.
