Miramar real estate market defies slowdown hitting rest of Broward, new data shows
It was a good month for Miramar in the residential real estate department, especially when compared to a cooling market that hit the rest of Broward County in February, according to recent data.
The Broward County real estate market at large had another mostly flat month following several months of momentum, according to the MIAMI Association of Realtors.
Broward single-family home sales increased 1.1% this February versus last February, while condo transactions decreased 2.8% year-over-year.
The area of greatest growth was home sales over $1 million, which rose 20% year-over-year.
The number of single-family home sales in Miramar rose 12% in February 2026, with 58 closed transactions compared to the year before. The city just beat out neighboring Pembroke Pines (54 closed sales), which also has a larger population.
Active inventory did fall 11% year-over-year in Miramar, reflecting a trend happening across the county, analysts say.
“Total active listings at the end of February 2026 decreased 7.5% year-over-year, from 17,048 to 15,764,” according to the Miami Realtors. “Decreasing supply means more buyer competition and upward price pressure.”
With a 6% decrease in sale prices from Februrary 2025 to 2026, would-be home buyers in Miramar can snag better deals than in the rest of Broward. The median sale price of single-family homes traded in February was $578,000 in Miramar, as opposed to the county’s median of $620,000.
While Miramar has a smaller condo and townhome market, that sector also posted positive figures. Transactions in February rose 36% as opposed to the year before, and prices went up.
On the flipside of the single-family home market, it’s more expensive to buy a condo or townhouse in Miramar, where the median cost in February was $380,000, versus $270,000 across Broward County.
“Condos are the entry point into the South Florida real estate market,” Broward-MIAMI President Sophia Allen said. “Broward offers more price accessibility; more land and more square footage than Miami. … All three counties are part of the South Florida region, and each market supports the other in making this one of the nation’s hottest real estate markets.”
Broward County’s residential real estate market may also be bolstered by an influx in new residents, at least according to driver’s license data obtained by the realtor association. In 2025, the number of driver’s license exchanges rose 6% in the county, with former residents of California, Georgia and Virginia leading the way.
While analysts say the war in Iran and other geopolitical events could affect the market, the high-end real estate market is expected to endure.
“I expect South Florida’s million-dollar segment to hold up remarkably well because of the acceleration in wealth migration from high-tax states, the high cash transactions in this segment and the increased diversification of high-net-worth individuals into real estate,” MIAMI Realtors Chief Economist Gay Cororaton said.