Pembroke Pines reveals well-rounded real estate market, October data shows

Broward home and condo sales are on the rise as the county posted a second straight positive sales month in October after having its best month of the year in September, data shows.

The MIAMI Association of Realtors shared in its monthly statistics release that Broward total home sales were up 8% year-over-year in October, while condo sales posted an 11% increase and single-family transactions were up nearly 4%.

“Fort Lauderdale real estate and Broward County combine quality of life, strategic location and long-term value,” Broward-MIAMI President Sophia Allen said. “The world wants to live in South Florida.”

The nearly 11% uptick in Broward condo sales was driven in large part by affordable condos that sold for less than $200,000, which rose 14.2% year-over-year in October 2025, according to the realtors’ association.

Over the past 10 years, Broward condo prices have doubled, while single-family homes have surged by 110%. But from last October to this October, prices have dropped slightly.

Pembroke Pines had the third most year-to-date closed sales for condos and townhomes, as well as the fourth-most for single-family homes, proving itself one of the most well-rounded real estate markets in the county. While many Broward cities had strong showings in just one category, Pines posted strong numbers for both.

It’s a sellers’ market in Pines for single-family homes, which only had four months worth of inventory as of October, but it’s more of a buyers’ market for condos and townhomes, which had nine months worth of supply.

The median price for single-family homes in Pembroke Pines was $654,000 in October, versus $310,000 for condos. The city’s homes and condos both fetched higher prices than the Broward-wide medians in October of about $611,000 for single-family homes and $259,000 for condos and townhomes, data shows.

Economists anticipate that the last couple months of strong sales will continue or even grow into the new year.

“The strong finish this year sets up the market for a full-year growth in 2026, underpinned by several favorable tailwinds — lower mortgage rates, sustained condo market stabilization, and an expected increase in out-of-state migration, particularly from New York and California,” MIAMI Realtors Chief Economist Gay Cororaton said.