Broward home sales rise as Coral Springs faces slight downturn, April data shows
Home sales in Coral Springs dropped slightly in April while the rest of the Broward residential real estate market posted positive numbers for the second month in a row, new data shows.
Sales of single-family homes in Broward County were up 7.6% year-over-year from last April, while condo and townhouse sales, lumped into one category, were up 1.8%, according to the MIAMI Association of Realtors.
Supply is also constrained across the county, with inventory falling 16.2% in April and opening up the risk of higher prices as a result. But so far, those prices have yet to materialize.
Single-family home costs dipped in Broward County as a whole and were nearly flat in Coral Springs, which saw a 1% decrease in prices and a 3% drop in closed sales compared to April 2025, data shows.
The Broward home market had been cooling off for a few months before notching a 1.4% rise in sales in March. In April, the gap widened even more, with a 4.7% increase in total transactions year-over-year.
Coral Springs has the lowest supply of single-family homes in the county, with only two months of supply if demand stays the same. Active inventory plummeted 48% year-over-year while new listings fell 21%, creating a seller’s market.
In addition to facing more competition, buyers in Coral Springs will typically pay more for a single-family home than in other areas of South Florida, with a median price of $686,000 in the northwest Broward city in April, compared to $620,000 in the rest of the county.
For condos and townhomes, Coral Springs is more affordable, albeit with a smaller market. The median price in April was $203,000 across 32 closed sales, compared to $258,000 in Broward at-large.
Analysts with the realtor association continue to reiterate that they expect the South Florida market to be “resilient” even amid economic uncertainty brought by the war in Iran and rising mortgage rates.
“South Florida continues to attract out-of-state movers, second home buyers or corporations who are seeing worsening tax conditions in their states,” MIAMI Realtors Chief Economist Gay Cororaton said.