Condominium transactions between $500,000 and $600,000 increased in September 2026, while declining median condo prices and softer countywide sales revealed a divided residential market.
FORT LAUDERDALE, FL — Broward County’s residential real estate market showed contrasting trends in September 2026, with sales in select condominium price categories increasing even as overall housing transactions declined.
According to figures released October 16 by MIAMI REALTORS® + RWorld, condominium sales priced between $500,000 and $600,000 increased from 40 transactions in September 2025 to 43 in September 2026, representing a 7.5% year-over-year gain.
Although modest in absolute terms, the increase highlights continued activity in a segment of Broward’s condominium market despite broader challenges involving mortgage rates, financing availability and affordability.
Broward’s Housing Market Records Uneven Sales Performance
Total residential sales in Broward County declined 9.7% year over year in September, falling from 2,021 transactions to 1,825, according to the association.
Single-family home transactions decreased 7.1%, from 1,048 to 974.
Meanwhile, the report identified a stronger performance among higher-priced single-family properties. Sales of homes priced at $1 million or more increased from 176 to 180 transactions, a gain of approximately 2.3%.
These figures suggest that demand remains concentrated in certain price segments rather than extending uniformly across the county’s residential market.
The association also reported 824 condominium transactions for September 2026, compared with 865 a year earlier. Those transaction counts imply a 4.7% decline, although the original announcement described the decrease as 12.54%. The discrepancy requires clarification.
Condominium Prices Decline While Single-Family Values Rise
Broward’s condominium market experienced a notable adjustment in median sale prices.
The median condominium price fell to $235,000 in September 2026, down from $275,000 in September 2025, representing a 14.5% year-over-year decline.
Despite that annual decrease, condominium values remain substantially above their longer-term historical levels. According to MIAMI REALTORS®, Broward’s median condominium price has increased approximately 217.6% since 2010, when it stood at $74,000.
Single-family home prices followed a different trajectory.
The county’s median single-family sale price increased from $626,500 to $641,500, representing a 2.4% annual gain.
Compared with the reported 2010 median of $196,000, the September 2026 figure represents an increase of approximately 227.3%.
The divergence between condominium and single-family pricing illustrates the importance of evaluating Broward’s housing market by property type rather than relying exclusively on countywide averages.
Mortgage Financing and Condominium Eligibility Remain Key Issues
MIAMI REALTORS® attributed weaker transaction activity partly to elevated mortgage rates, inventory constraints in certain price categories and uncertainty surrounding hurricane-related disruptions.
Condominium financing also remains an important consideration.
Citing U.S. Department of Housing and Urban Development figures, the association reported that only 21 of 2,397 condominium buildings examined across Miami-Dade, Broward and Palm Beach counties were approved for Federal Housing Administration financing.
That represents approximately 0.9% of the buildings included in the comparison.
Restricted FHA eligibility can limit financing alternatives for qualifying buyers, particularly those seeking lower-down-payment mortgage options.
Migration and Regional Connectivity Support Broward’s Market Position
Broward County’s location between Miami-Dade and Palm Beach counties continues to shape its residential market.
MIAMI REALTORS® reported that out-of-state driver’s license exchanges in Broward increased 6% during 2025, with New York, California and New Jersey identified as leading origin states.
While license exchanges do not directly measure home purchases, they provide an additional indicator of relocation activity.
Broward’s proximity to major employment centers throughout South Florida also offers residents access to a regional housing and labor market extending beyond county boundaries.
The September results ultimately present a mixed picture: select mid-market condominium and luxury single-family categories recorded gains, while overall transaction volume weakened and condominium median prices declined.
For buyers, sellers and real estate professionals, the figures reinforce the need to distinguish between property categories, price brackets and financing conditions when assessing Broward County’s housing market.
Sources & References
Primary source: Chris Umpierre, MIAMI REALTORS® + RWorld, “Broward County Mid-Market Condo Sales Rise Again,” October 16, 2026.Original MIAMI REALTORS® announcement
Additional source materials identified in the announcement:
- Southeast Florida Driver License Exchanges Report
- Florida Realtors: Housing Wealth Remains Elevated Nationwide
- New Construction Global Sales Report, July 2025
Figures are attributed to the supplied MIAMI REALTORS® announcement. Underlying MLS data and supporting reports have not been independently verified.
