What’s fueling Miramar’s strong home seller’s market? Go inside the numbers

Miramar is shaping up as a seller’s market as single-family home supply drops sharply and demand across Broward County continues to climb.

New data from the MIAMI Association of Realtors shows the county posted its third straight month of sales growth in May.

FULL STORY: Miramar faces home inventory squeeze as Broward sales climb, new data shows

Here are key takeaways:

• Broward County home sales rose 0.9% in May, with single-family sales up 3.24% year-over-year and condo sales down 1.48%.
• Single-family home inventory dropped 22% year-over-year across Broward and 31% in Miramar, where new listings fell 12%.
• MIAMI Realtors + RWorld Chief Economist Gay Cororaton called the rise in million-dollar property sales “phenomenal,” noting it could make this the strongest year since 2021. Sales of Broward homes priced at $1 million and above climbed 17.6% from a year earlier.
• Miramar’s median single-family home price is $610,000, slightly below the Broward average of $630,000. The city’s median condo and townhome price is $380,000, higher than the county’s $275,000.
• Broward-MIAMI Realtors President Sophia Allen said regional growth is fueled by connectivity between counties, with Brightline and Tri-Rail strengthening mobility while wealth migration continues to drive demand.

This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using our own originally reported, written and published content. It was reviewed and edited by our journalists.