Miramar posts strong home sales as inventory tightens in Broward, new data shows
The residential real estate market has slowed recently but is holding steady in Broward County, where sales of single-family homes rose just over 3% last month, according to the latest data from the MIAMI Association of Realtors.
Inventory of both houses and condos is squeezed right now, creating a seller’s market that could drive up prices, but so far hasn’t, according to March data. In fact, across Broward, prices fell last month compared to the same time last year.
Broward single-family home transactions were up 3.3% year-over-year in March 2026, while condo sales decreased 0.56% year-over-year, analysts found.
Despite geopolitical concerns, inflation and mortgage rates, the South Florida market is expected to endure.
“Amid more challenging macroeconomic conditions, it’s fair to expect South Florida’s housing market to be more resilient than the national housing market due to sustained wealth migration,” MIAMI Realtors Chief Economist Gay Cororaton said.
“South Florida has a larger presence of high-end cash buyers that make up over half of the market and who are less sensitive to rising mortgage rates.”
Miramar’s market is skewed toward sellers, with only a four months’ supply of single-family home inventory if demand stays the same. Inventory fell 15% year-over-year in March.
While Broward at large showed a more modest month of growth, Miramar once again stood out with a 20% increase in single-family home sales compared to the same time last year, posting 79 transactions.
The city, on average, is just slightly more expensive for single-family homes than the rest of Broward County, with a median sales price of $610,000, compared to $600,000 county-wide.
The condo and townhome market remains slower in the city, with 28 sales last month representing a 3% drop over March 2025. Prospective buyers of these properties looking for a deal aren’t likely to find one in Miramar, where the median sale price was $395,000 in March, versus the rest of Broward, with its median of $269,700 for condos and townhouses.
While residential real estate growth has slowed in the county, sometimes hovering just decimal points above 0%, the market is still persisting.
“Sales of Broward properties priced at $1 million and above climbed 7.4% from a year earlier,” according to the realtors’ association. “At the more accessible end of the market, condo sales in the $500,000 to $600,000 price range surged 19.7% year-over-year.”
Broward-Miami Realtors President Sophia Allen offered a positive outlook on the Broward market, in part given its position between Miami-Dade and Palm Beach counties.
“Buyers move to Broward from Miami because we have more land and more price accessibility, but we are all connected as many live in Broward and work in Miami and vice versa. The synergy among our three counties is what makes South Florida special.”