Miramar real estate inventory rises as Broward posts strong October, data shows
Broward home and condo sales are on the rise as the county posted a second straight positive sales month in October after having its best month of the year in September, data shows.
The MIAMI Association of Realtors shared in its monthly statistics release that Broward total home sales were up 8% year-over-year in October, while condo sales posted an 11% increase and single-family transactions were up nearly 4%.
“Fort Lauderdale real estate and Broward County combine quality of life, strategic location and long-term value,” Broward-MIAMI President Sophia Allen said. “The world wants to live in South Florida.”
The nearly 11% uptick in Broward condo sales was driven in large part by affordable condos that sold for less than $200,000, which rose 14.2% year-over-year in October 2025, according to the realtors’ association.
Over the past 10 years, Broward condo prices have doubled, while single-family homes have surged by 110%. But from last October to this October, prices have dropped slightly.
Miramar raked in the fifth-most closed sales for single-family homes year-to-date in Broward. Meanwhile, the city had a slower — but pricier — condo and townhome market compared to other cities in October, based on overall sales.
The median price for single-family homes in Miramar was $640,000 in October, versus $377,000 for condos. The city’s homes and condos both fetched higher prices than the Broward-wide medians in October of about $611,000 for single-family homes and $259,000 for condos and townhomes, data shows.
Miramar had the sixth-fewest condo and townhome sales in October in Broward, but only two cities topped its median sales price for condos and townhomes.
Buyers looking to close on a home, condo or townhome this year may have an easier go of it when compared to this time last year, when inventory was 30% less, data shows. It’s more or less of a balanced market for wannabe owners of single-family homes, given the inventory supply, but it tips toward a buyer’s market in the condo and townhome sector.
Economists anticipate that the recent consecutive months of strong sales will continue into the new year.
“The strong finish this year sets up the market for a full-year growth in 2026, underpinned by several favorable tailwinds — lower mortgage rates, sustained condo market stabilization, and an expected increase in out-of-state migration, particularly from New York and California,” MIAMI Realtors Chief Economist Gay Cororaton said.