As someone who has spent over three decades navigating the ebbs and flows of South Florida’s real estate market, I’m seeing real momentum build as we move through 2026. The main story isn’t weak demand—it’s a tighter supply, and that’s keeping values supported across key neighborhoods. Mortgage rates in the low-6% range have helped stabilize the market, offering a steady backdrop for well-prepared buyers who are ready to make a move.
The luxury segment above $5 million is particularly notable right now, with approximately 488 single-family homes available, about 43 selling each month, and condo sales averaging 20 monthly. Altogether, South Florida currently offers around 4,500 homes for sale; roughly 10% are in the top tier above $5 million, while another 10% are priced below $500,000—a spread that truly highlights why limited inventory matters for both buyers and sellers. If this low supply continues, upward price pressure is likely to persist. For those considering their next step, it’s also worth keeping an eye on the upcoming property tax referendum, which could play a role in owners’ decisions about moving.
As always, having a deep understanding of the local landscape is key to navigating opportunities and challenges in our unique market.
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