Pembroke Pines navigates sellers’ market as home supply drops, new data shows
The residential real estate market in Pembroke Pines saw a downturn in February, with sales taking a hit as inventory became more constrained, according to new real estate data.
The Broward County real estate market at large had another mostly flat month following several months of momentum, according to the MIAMI Association of Realtors.
Broward single-family home sales increased 1.1% this February versus last February, while condo transactions decreased 2.8% year-over-year.
The area of greatest growth was home sales over $1 million, which rose 20% year-over-year.
The number of single-family home sales in Pembroke Pines fell 24% in February 2026, with 54 closed transactions compared to the year before. Active inventory also plummeted 29% year-over-year, creating a three-month supply of single-family homes if sales continue at the current rate.
The squeezed inventory in Pembroke Pines reflects a trend happening across the county, analysts say.
“Total active listings at the end of February 2026 decreased 7.5% year-over-year, from 17,048 to 15,764,” according to the Miami Realtors. “Decreasing supply means more buyer competition and upward price pressure.”
So far, Pines has evaded ballooning prices as a result of limited inventory, with no significant change in median sales price from Februrary 2025 to 2026. But it’s still more expensive than Broward County at large, fetching a median sales price of $663,000 compared to the county’s median of $620,000.
There were nearly as many condo and townhome sales in Pembroke Pines in January as there were single-family home sales. Transactions in February dropped 7% as opposed to the year before, and prices went up, but it’s still cheaper to buy in Pines, where the median cost for townhomes and condos sold was $242,000, versus $270,000 across Broward County.
“Condos are the entry point into the South Florida real estate market,” Broward-MIAMI President Sophia Allen said. “Broward offers more price accessibility; more land and more square footage than Miami. … All three counties are part of the South Florida region, and each market supports the other in making this one of the nation’s hottest real estate markets.”
Broward County’s residential real estate market may also be bolstered by an influx in new residents, at least according to driver’s license data obtained by the realtor association. In 2025, the number of driver’s license exchanges rose 6% in the county, with former residents of California, Georgia and Virginia leading the way.
While analysts say the war in Iran and other geopolitical events could affect the market, the high-end real estate market is expected to endure.
“I expect South Florida’s million-dollar segment to hold up remarkably well because of the acceleration in wealth migration from high-tax states, the high cash transactions in this segment and the increased diversification of high-net-worth individuals into real estate,” MIAMI Realtors Chief Economist Gay Cororaton said.
This story was originally published March 18, 2026 at 7:00 AM.