Pembroke Pines home sales lag compared to same time last year, January data shows
Home sales in Pembroke Pines slumped in January compared to the same time last year, as the hot Broward real estate market signals it could be cooling, according to new data.
Broward single-family home sales declined about 1.1% year-over-year in January 2026, while condo sales declined 2.8% year-over-year, according to the MIAMI Association of Realtors.
The dips were small on a county-wide basis, as analysts say the South Florida market remains strong.
“The greater Fort Lauderdale area is a top-ranked growth city in the U.S.,” Broward-Miami President Sophia Allen said. “People want to be here not just because of our weather but because of our jobs, boating opportunities, economic growth, schools, price appreciation, lifestyle, weather and more.”
The one area where Broward has seen continued growth is residential real estate sales over $1 million. Home sales over the $1 million mark rose 14% year-over-year in January, from 184 to 209, data shows.
Southwest Ranches and Parkland led the way for the priciest areas in the county, with median sales of a whopping $2.7 million and $1.2 million, respectively.
In January, there were 46 single-family home sales in Pembroke Pines, an 18% decrease from the year before, data shows.
It’s also a dip from December 2025, when there were 59 closed home sales, but analysts typically look at year-over-year data to account for seasonal variations in the market.
Median home prices were flat in the south Broward city, coming in at $652,000 in January — higher than the county-wide average of $620,000, data shows.
Inventory is tight in Pines, as in other parts of Broward. Analysts determined there’s only a three-month supply of inventory in the city, making it a seller’s market.
Buyers don’t seem to be getting major deals, with sales closing at a median 95% of the original listing price in January in Pembroke Pines.
Condo and townhome transactions also sank 6% year-over-year but beat out the number of single-family homes sold, with 48 transactions recorded in January for a median price point of $220,000.
Pines remains one of the most balanced markets in the county, where typically cities will have either a strong single-family home market or condo market.
Condo and townhome prices in Broward as a whole fell 8% year-over-year to $250,000.
Despite the slight downturn in Broward sales in January, MIAMI Realtors Chief Economist Gay Cororaton shared an optimistic outlook.
“Bolstered by falling mortgage rates in late 2025 and vigorous demand from high-end buyers, Southeast Florida’s housing market started off strongly in 2026,” Cororaton said. “Momentum is likely to strengthen in the months ahead as mortgage rates fall further and as wealth migration from New York and California accelerate due to potential tax policy changes.”