What’s driving continued home demand in Coral Springs? Go inside the numbers

Coral Springs remains one of Broward County’s most competitive housing markets, with single-family home inventory dropping 43% year-over-year and homes going to contract in just 17 days.

New data from the MIAMI Association of Realtors shows demand continues to outpace supply across the region.

FULL STORY: Coral Springs home demand surges as Broward sales climb, new data shows

Here are key takeaways:

• Coral Springs single-family home sales rose 5% year-over-year in May, with 87 closed transactions and an 8% jump in prices. The median sale price hit $725,000, well above Broward’s countywide median of $630,000.
• The city has just a two-month supply of single-family homes, tying it as the most competitive market in Broward. Its 17-day median time to contract is the fastest in the county.
• Broward overall saw a 0.9% rise in home sales in May, the third straight month of growth. Single-family sales climbed 3.24% year-over-year while condo sales dipped 1.48%.
• MIAMI Realtors + RWorld Chief Economist Gay Cororaton called the 17.6% surge in sales of properties priced at $1 million and above “phenomenal,” saying it could make this the strongest year since 2021.
• Broward-MIAMI Realtors President Sophia Allen said regional growth is fueled by “the connectivity between our counties,” pointing to Brightline and Tri-Rail expanding mobility and wealth migration continuing to drive demand.
• Condos remain more accessible in Coral Springs, with a median price of $233,000 compared to $275,000 countywide. Condo sales in the city dropped 3% year-over-year, with 30 transactions in May.

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.