Miramar faces home inventory squeeze as Broward sales climb, new data shows
Prospective home buyers in Miramar may find themselves in a seller’s market as demand for property continues to outpace supply in the rest of Broward, according to recent data.
The Broward County market overall saw a 0.9% rise in home sale transactions in May, the third straight month of growth, while inventory remains crunched, according to the MIAMI Association of Realtors.
Single-family home sales in Broward increased 3.24% year-over-year in May 2026, while condo sales decreased 1.48% year-over-year.
“Sales of Broward properties priced at $1 million and above climbed 17.6% from a year earlier,” according to analysts. “At the more accessible end of the market, condo sales in the $400,000 to $500,000 price range surged 12% year-over-year.”
The “phenomenal” rise in million-dollar properties could make this the strongest year since 2021, MIAMI Realtors + RWorld Chief Economist Gay Cororaton said.
Meanwhile, Broward is facing falling inventory, with single-family home supply dropping 22% year-over-year county-wide and 31% in Miramar.
Prices of homes and the rate they’re selling at haven’t budged much in Miramar since last May, but the city remains a seller’s market, with a four-month supply of inventory and a 12% decrease in new listings year-over-year.
Seventy-five houses were sold in May, which is on-par with April’s 72 single-family homes.
You can get a single-family home in Miramar for a median price of $610,000, which is slightly less than the Broward average of $630,000. In the city’s smaller condo and townhome market, buyers can expect to pay a little more, with a $380,000 median price in Miramar across 22 sales in May vs. $275,000 across Broward County.
“The continued growth of South Florida real estate is driven in large part by the connectivity between our counties,” Broward-MIAMI Realtors President Sophia Allen said. “Brightline and Tri-Rail are strengthening regional mobility, giving residents greater flexibility in where they live and work. At the same time, the significant wealth migration into our region continues to fuel demand.”