Broward County Housing Market Report — February 2026

The Big Picture: Steady Sales, Prices Holding Firm

February brought 811 closed sales across Broward County for single-family homes, a modest 1.1% increase over the 802 sales recorded in February 2025. That might not sound dramatic, but in a market that spent most of last year posting negative year-over-year sales numbers, any positive movement is worth paying attention to. Through January and February combined, year-to-date closed sales sit at 1,568 — essentially flat with last year (+0.1%).

The median sale price came in at $620,000, up 1.6% from $610,000 a year ago. Prices have stayed remarkably stable in the low-$600K range for nearly a year now. If you're waiting for some kind of dramatic correction, this data doesn't support that theory. The average sale price, which is more sensitive to luxury sales, jumped to $891,862 — up 6.6% year-over-year — suggesting the high end of the market had a strong month.

Cash Buyers Still in the Mix

Cash sales accounted for 213 of the 811 closed transactions in February — roughly 26.3% of all sales. That's esentially flat compared to last year (26.4%), which tells us investor activity hasn't dried up, but it hasn't surged either. Cash buyers remain a consistant presence in Broward, particularly in the mid-range and luxury segments.

For context, cash sales peaked at over 30% during parts of 2022 and early 2023 when investors were more aggressive. The current 26% range suggests a more balanced mix of financed buyers and cash purchasers, which is generally a healthier sign for the overall market.

Homes Are Taking Longer to Sell

This is probably the most important trend buyers should be watching. The median time to contract in February was 54 days — up 10.2% from 49 days a year ago. The median time to sale (listing to closing) reached 93 days, up 10.7% from 84 days in February 2025.

What does this mean in practice? If you're selling, price it right from the start. Overpriced listings are sitting, and buyers know they have a bit more breathing room than they did two years ago. The days of listing a home on Thursday and having five offers by Sunday are behind us — at least at most price points. Sellers who are realistic about pricing are still getting deals done within a reasonable timeframe.

Inventory Is Finally Pulling Back

After over a year of climbing inventory that had many people speculating about a buyer's market, February 2026 showed a notable reversal. Active listings dropped to 4,931 — down 8.0% from 5,361 in February 2025. That's the first significant year-over-year decline we've seen in quite a while.

New listings also fell sharply, with only 1,465 new properties hitting the market in February — a 12.5% decline from the 1,675 new listings last February. Fewer sellers are listing, and that reduction in new supply is starting to show up in the overall inventory numbers. Meanwhile, new pending sales ticked up 4.9% to 1,173, meaning demand is holding while supply contracts.

The months supply of inventory sits at 5.0 months, down from 5.3 a year ago. The textbook definition of a balanced market is around 5.5 months, so Broward is currently sitting just below that line — leaning slightly toward sellers but not overwhelmingly so. It's competitive, but not cutthroat.

Where the Action Is: Sales by Price Range

The busiest price bracket was $400K–$499K with 141 closed sales (up 7.6%), followed by the $500K–$599K range with 127 sales (down 19.6%). On the luxury side, homes priced at $1 million or more saw 160 sales — a 22.1% jump over last February. The million-dollar-plus segment is clearly gaining momentum.

Million-Dollar Spotlight

The luxury market in Broward had a strong February. Among homes that sold for $1 million or more, here's how the breakdown looked:

The $1.5M–$2M bracket nearly doubled in activity compared to last year. Whether that's a reflection of out-of-state buyers relocating, or existing homeowners moving up, the upper end of the market is clearly active. If you own a home in that range and have been thinking about selling, the buyer pool is deeper than it's been in a while.

Distressed Sales: Still a Non-Factor

Foreclosures and short sales remain a tiny sliver of the market. In February, 794 of the 811 closed sales were traditional transactions. Only 13 were foreclosure/REO sales and just 4 were short sales. If you're hoping to pick up a distressed deal in Broward, you're going to be looking for a long time. The distressed market is basically non-existent right now, which speaks to the overall financial health of homeowners in the county.

So What Does All This Mean for You?

Data source: Florida Realtors, compiled from MLS feeds on the 10th day of the following month. Data released March 16, 2026. Next release: April 17, 2026.