Broward single-family supply 4.8 months

Broward housing is telling two different stories at once. Houses are still relatively tight. Condos are not. That’s the real news in the March 2026 data released on April 17 — not that sales moved a little, but that the county’s market split widened in a way buyers and sellers can actually feel. ### What changed in Broward? Single-family home sales in Broward rose 3.3% year over year in March, reaching 1,097 closings from 1,062 a year earlier. Total home sales were up 1.4%. Condo sales, though, were basically flat to down slightly — 1,064 from 1,070. So the headline is simple: houses kept gaining traction, condos didn’t really join them. ### Why does 4.8 months matter? Months’ supply is the quickest way to tell who has leverage. It asks a plain question — if no new listings showed up, how long would it take to sell what’s already on the market at the current sales pace? Broward single-family homes were sitting at 4.8 months of supply in March 2026. That is still belrs still have the edge. ### Why are condos a different market? Because 11.3 months of condo supply is a completely different setup. That is buyer’s-market territory. It means more choice, more time, and more pressure on sellers to cut price or negotiate. In the same county, at the same time, condo owners are dealing with a market that is over twice as loose as the single-family side. ### Are prices still rising? Not uniformly. Broward’s single-family median sale price fell 5.5% year over year in March, from $635,000 to $600,000. That sounds dramatic, but price moves in one month can reflect mix as much as pure weakness — what sold, in which neighborhoods, and at what size. The bigger point is that tight supply nror on median price at the same time. ### So are buyers gaining power? Condo buyers, yes — clearly. House buyers, only a little. A 4.8-month supply market is no longer the frenzy South Florida saw in earlier years, but it also is not a market where buyers can assume deep discounts. The catch is that “more normal” does not mean “easy.” Mortgage costs are still high by reooler setup. Florida’s statewide March numbers show the same broad pattern — 4.8 months of supply for single-family homes and 9.1 months for condos. ### Why is Broward split like this? Part of it is product. A single-family house and an aging condo are not substitutes for a lot of buyers. Houses offer land, privacy, and fewer building-level financial surprises. Condos, especially in South Florida, carry extra baggage now — insurance costs, association fees, existing condo demand. ### Does this fit the bigger South Florida picture? Yes