As someone who’s helped clients navigate the South Florida real estate market for years, I’m seeing clear momentum as we move through 2026. The real story isn’t a lack of buyers—it’s that limited inventory is still setting the pace in our local neighborhoods. Mortgage rates in the low 6% range have brought some stability, and for those who come prepared, this environment can offer real opportunities.
In the luxury space, homes priced above $5 million are especially notable right now: there are about 488 single-family listings available, with around 43 selling each month, and condos changing hands at an average of 20 per month. Across the region, roughly 4,500 homes are currently on the market. About 10% of those are listed above $5 million, and another 10% are below $500,000—a snapshot that explains how a tight supply is helping to support home values.
If inventory remains constrained, we can expect upward pressure on prices to continue. It’s also worth keeping an eye on the upcoming property tax referendum, which could play a role in some owners’ decisions about making a move. Having worked through many market cycles in Miami and Fort Lauderdale, I find that understanding the data—and knowing how to act on it—makes all the difference for buyers and sellers alike.
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