South Florida real estate markets see declining prices and inventory

Real estate data for September 2026 indicates a downward trend in median listing prices and active inventory across South Florida counties, including Miami-Dade, Broward, and Palm Beach.

In Miami-Dade, the median listing price fell 1% year over year to $589,000, while active listings decreased by 8%. Broward County saw a 5% year-over-year decline in median listing prices to $380,000, accompanied by a 12% drop in active listings. Palm Beach reported a 3% decrease in median listing prices to $472,000 and a 19% decline in active listings.

Despite these broader declines, specific segments showed different trends. In Broward County, mid-market condominium sales priced between $500,000 and $600,000 increased by 8% year over year. Additionally, while median condo sale prices in Broward declined 14.6% to $235,000, the median price for single-family homes rose 2.4% to $641,500.