Coral Springs home sales plunge in seller’s market, January real estate data shows

Home sales in Coral Springs took a tumble in January, signaling the hot Broward real estate market could be cooling, according to new data.

Broward single-family home sales declined about 1.1% in January 2026 compared to the same time last year, 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 35 single-family home sales in Coral Springs, a 45% decrease from the year before, data shows. It’s also a major tumble from December 2025, when there were 80 closed home sales.

Coral Springs tied for the seventh most home sales in the county in January, falling from third most in December.

Home prices have stayed relatively the same in the northwest Broward city, coming in at $710,000 in January — higher than the county-wide average of $620,000, data shows.

Inventory is tight in Coral Springs, 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 94% of the original listing price in January in Coral Springs.

On the flip side, condo and townhome sales have increased 30% year-over-year, even as sale prices remain flat in Coral Springs. Buyers in the city can expect better prices than in other parts of Broward, where the median sale price of condos and townhomes was $250,000 in January.

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.”