Broward home sales rise as Miramar market has flat month, April data shows
Home sales in Miramar fell flat in April while the rest of the Broward residential real estate market posted positive numbers for the second month in a row, new data shows.
Sales of single-family homes in Broward County were up 7.6% year-over-year from last April, while condo and townhouse sales, lumped into one category, were up 1.8%, according to the MIAMI Association of Realtors.
Supply is also constrained across the county, with inventory falling 16.2% in April and opening up the risk of higher prices as a result. But so far, those prices have yet to materialize.
Single-family home costs dipped in Broward County as a whole and were nearly flat in Miramar, which saw a 2% decrease in prices and a 1% drop in closed sales compared to April 2025, data shows.
The Broward home market had been cooling off for a few months before notching a 1.4% rise in sales in March. In April, the gap widened even more, with a 4.7% increase in total transactions year-over-year.
Miramar posted the fifth most home sales in Broward last month but is facing a similar supply-demand issue as the rest of the county. Active listings plummeted 25% year-over-year in Miramar, while the city had a four-month supply of inventory if demand were to stay the same, tipping it toward a seller’s market.
Miramar’s single-family home market also mirrored the general Broward market as far as prices go last month. The median cost for a home in Miramar was $625,000 in April across 72 sales, just $5,000 over the median in the rest of the county.
But where Miramar set itself apart last month was in the condo and townhome category, posting a 52% increase in sales year-over-year, data shows.
Median prices for condos and townhouses in Miramar came in at nearly $100,000 more expensive than the county at large ($355,000 in Miramar across 38 transactions vs. $258,000 in Broward County).
Analysts with the realtor association continue to reiterate that they expect the South Florida market to be “resilient” even amid economic uncertainty brought by the war in Iran and rising mortgage rates.
“South Florida continues to attract out-of-state movers, second home buyers or corporations who are seeing worsening tax conditions in their states,” MIAMI Realtors Chief Economist Gay Cororaton said.