Condos, townhomes topped single-family homes sales in Pembroke Pines, data shows
Broward County single-family home sales jumped 14% in November vs. the same time last year as total home sales rose for the third straight month, according to new figures from the MIAMI Association of Realtors.
Meanwhile, condo sales year-over-year fell flat, even as sales of the priciest properties for over $1 million were up by about 5.6%.
“There is pent up demand for Fort Lauderdale and Broward County real estate, and the recent decline in mortgage rates is influencing buyers to come off the sidelines,” Broward-MIAMI President Sofia Allen said in a Dec. 19 news release.
Overall, residential real estate transactions in Broward County were up 6.9% year-over-year in November 2025, from 1,623 to 1,736, with single-family homes accounting for just over half of all sales.
Prices for single-family homes, as well as for condos and townhomes, were cheaper compared to this time last year.
Pembroke Pines surpassed the growth metrics of Broward at-large. Pines posted a strong showing of single-family homes sales, rising 15% when compared to November 2024, but the city also performed well in condo and townhome transactions, increasing 43%.
More condominiums and townhomes sold in November than single-family homes, in accordance with rising popularity in the city of those types of housing, although single-family homes still hold the lead for now.
In November, the median price for single-family homes was $641,000, north of the county average of $600,000, while the median price for condos and townhomes was lower at $245,000, as opposed to the Broward average of $262,250.
“Falling mortgage rates in the second half of the year really kicked up homebuying, with single-family sales up for the third consecutive month in November across all Southeast Florida counties,” MIAMI Realtors Chief Economist Gay Cororaton said. “With this positive momentum, the housing market is poised for a turnaround in 2026, with single-family sales projected to increase 5% and single-family prices forecasted to increase 4%.”