2026 South Florida market: condo discounts, steady single-family demand

Based on a recent regional market report, active listings and overall home sales increased, but condo performance diverged by county: condo transactions were up about 20% in Palm Beach, while Miami-Dade condo sales fell by almost 4% and Broward was roughly flat. Condo prices fell in the two larger counties: median condo price down almost 10% in Miami-Dade and down about 8% in Broward. The report also referenced mortgage rates around 6.2% (for November). On the single-family side, sales rose more than 5% in Miami-Dade and more than 14% in Broward, with prices up more than 3% and close to 7% respectively (year-over-year). The practical takeaway highlighted: resale condos may offer the best buyer leverage (price credits/negotiation), while single-family conditions vary by neighborhood but are generally closer to a buyer-leaning or balanced market than the recent peak years. For more information click here.