Coral Springs most competitive home market in Broward, Q1 real estate data shows
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.”
Coral Springs was the most competitive city in Broward for single-family homes as far as inventory goes. The median supply in the city was estimated to be 2.6 months in the first quarter of 2026.
Inventory plummeted 34% year-over-year in March in Coral Springs, while the median number of days to contract was 25, also the lowest in the county.
The city bounced back after a big slide in February compared to the previous year, when data showed home transactions tumbled 45% year-over-year.
Sales of single-family homes in Coral Springs still fell slightly this March — down 4% compared to last year — but on the flipside, the normally more sluggish market for townhomes and condos had a strong month.
There were 38 closed sales of condos and townhouses in the city this March, representing a 78% surge over last March.
The city, on average, is more expensive for single-family homes than the rest of Broward County, with a median sales price of $657,000, compared to $600,000 county-wide.
On the other hand, condo and townhome buyers can get deals in Coral Springs, where the median price in March was $219,000, 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.”