Pembroke Pines home sales jump 17% as Broward market heats up. Here’s what to know

Pembroke Pines outpaced the broader Broward County housing market in April, with single-family home sales climbing 17% year-over-year.

But shrinking inventory and falling condo sales point to a tightening market across South Florida.

FULL STORY: Pines home sales outpace Broward market as inventory falls, April data shows

Here are key takeaways:

• Single-family home sales in Broward County rose 7.6% year-over-year in April, while condo and townhouse sales rose 1.8%, according to the MIAMI Association of Realtors.
• Pembroke Pines logged the third-most home sales in Broward last month, with a median single-family home price of $624,000 across 88 sales — just $4,000 above the county median.
• Inventory is tight. Active listings in Pines dropped 30% year-over-year, leaving the city with a three-month supply of homes, one of the lowest in Broward.
• Condo and townhome sales in Pines fell 17%, and new listings dropped 28%. But Pines remains more affordable than the rest of the county, with a median condo price of $241,000 vs. $258,000 countywide.
• MIAMI Realtors Chief Economist Gay Cororaton said South Florida “continues to attract out-of-state movers, second home buyers or corporations who are seeing worsening tax conditions in their states.”

This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using our own originally reported, written and published content. It was reviewed and edited by our journalists.