Pembroke Pines named hot market for home and condo sales in first quarter of 2026
The residential real estate market has slowed recently but is holding steady in Broward County, where sales of single-family homes rose just over 3% last month, according to the latest data from the MIAMI Association of Realtors.
Inventory of both houses and condos is squeezed right now, creating a seller’s market that could drive up prices, but so far hasn’t, according to March data. In fact, across Broward, prices fell last month compared to the same time last year.
Broward single-family home transactions were up 3.3% year-over-year in March 2026, while condo sales decreased 0.56% year-over-year, analysts found.
Despite geopolitical concerns, inflation and mortgage rates, the South Florida market is expected to endure.
“Amid more challenging macroeconomic conditions, it’s fair to expect South Florida’s housing market to be more resilient than the national housing market due to sustained wealth migration,” MIAMI Realtors Chief Economist Gay Cororaton said.
“South Florida has a larger presence of high-end cash buyers that make up over half of the market and who are less sensitive to rising mortgage rates.”
Pembroke Pines was among the most competitive cities in Broward for single-family homes, as well as condos and townhouses, as far as inventory goes. The median supply in the city was estimated to be 3.3 months in the first quarter of 2026 for homes, which is third in the county, then 8.6 months for the latter category, landing Pines in fifth.
Inventory of single-family homes plummeted 23% year-over-year in March in Pembroke Pines, and 10% for condos and townhouses, analysts found, keeping with a similar trend in February.
Although inventory fell, closed sales were slightly positive. For single-family homes, 82 transactions in March represented a 2% increase year-over-year, while for condos and townhouses, sales rose 5% with 83 sales. Prices were mostly flat.
The city, on average, is more expensive for single-family homes than the rest of Broward County, with a median sales price of $668,000, compared to $600,000 county-wide.
On the other hand, condo and townhome buyers will find slightly better prices in Pembroke Pines, where the median price in March was $260,000, better than $269,700 in the rest of Broward.
While residential real estate growth has slowed in the county, sometimes hovering just decimal points above 0%, the market is still persisting.
“Sales of Broward properties priced at $1 million and above climbed 7.4% from a year earlier,” according to the realtors’ association. “At the more accessible end of the market, condo sales in the $500,000 to $600,000 price range surged 19.7% year-over-year.”
Broward-Miami Realtors President Sophia Allen offered a positive outlook on the Broward market, in part given its position between Miami-Dade and Palm Beach counties.
“Buyers move to Broward from Miami because we have more land and more price accessibility, but we are all connected as many live in Broward and work in Miami and vice versa. The synergy among our three counties is what makes South Florida special.”