Broward's Single-Family Housing Squeeze: Inventory Falls 22.5%

Numbers below are from the MIAMI Realtors August 2026 Broward report (released September 16, 2026) and Freddie Mac's September 24, 2026 rate survey.

Broward's Single-Family Squeeze Hasn't Let Up

If it feels like there are never enough good houses for sale in Broward County, you're not imagining it. I talk to buyers every week who have lost out on a home in Coral Springs, Parkland, or Coconut Creek because three other families wanted it too. The data backs that up.

At the end of August 2026 there were just 4,252 single-family homes for sale across all of Broward. A year earlier there were 5,489. That's a drop of more than 22%. Total active listings countywide, condos included, fell 17.4% to 13,679.

That leaves Broward with about 4.1 months of single-family inventory. Anything under six months is a seller's market, and Broward has been there for a while.

Prices and Pace

A Florida Realtors SunStats-based report puts Broward's August single-family median at $650,000; another MIAMI Realtors + RWorld release cites $680,000, but does not clearly support that as the August median. To avoid mixing measures, compare recent sales for the neighborhood and property type you care about rather than treating one countywide figure as your home's value. Homes reached contract in about 40 days, a week faster than last year in the SunStats-based report.

Sales are basically flat. Single-family sales were up 0.1% year over year (1,016 closings), while total Broward sales dipped 4.5% as higher rates and thin inventory in some price ranges slowed things down. The clearest point is fewer choices, while closed single-family sales changed little. That's the squeeze.

Why Sellers Are Staying Put

The biggest reason is the rate lock. A lot of Broward homeowners have a mortgage at 3% or 4% from a few years ago. Trading that for a new loan is a tough pill to swallow. Freddie Mac's 30-year fixed average reached 7.03% on September 24, up from 6.95% the week before. Your rate may differ based on your loan and finances.

So the owners who don't have to move aren't moving, and that keeps supply tight.

Who Is Still Buying?

Cash buyers. Cash sales made up 35.9% of Broward closings in August, compared to about 27% nationally, according to MIAMI Realtors. Cash buyers are less directly exposed to changes in mortgage rates, though their share of sales does not predict what any one house will sell for.

Condos Are the Opposite Story

The squeeze is a single-family story. Broward condos are sitting at about 9.9 months of supply, a buyer's market, with a median of $257,500. Florida's condo safety laws (milestone inspections and reserve studies) have pushed up fees and assessments in a lot of older buildings. If you're open to a condo in a well-run building, you have real room to negotiate right now. I wrote a full breakdown in my Florida condo law 2026 guide on this blog.

Where It's Tightest

Countywide statistics do not describe every city or price range. Coral Springs, Parkland, Weston and Pembroke Pines each have different choices at different budgets. Check current local comparables rather than assuming a county average applies to the home you want.

If You're Buying

• Get fully pre-approved, not just pre-qualified. With rates near 7%, know your real monthly payment before you shop.
• Be ready to move. Some well-priced homes may draw multiple offers; ask your agent to check recent comparable sales before you set a strategy.
• Look at the whole county. Tamarac, Margate, Sunrise, and parts of Plantation can stretch your budget further than Parkland or Weston.
• Ask about coming-soon listings. A good local agent often hears about homes before they hit the portals.

If You're Selling

This is still a good time to sell a single-family home in Broward, but buyers are paying close attention to price. The median home is selling for about 96% of its original list price, which means many sellers are giving up a few points after starting too high. Price it right from day one, get it clean and staged, and market it well. That's how you create competition instead of sitting.

What to Watch This Fall

Rates are the big one. Watch each new mortgage-rate survey and local listing count rather than assuming a rate or inventory trend will continue. Also keep an eye on new listings heading into the winter season, when snowbirds and relocation buyers return. And if you live in north Broward, the SW 10th Street Connector project will affect commutes in Deerfield Beach, Coconut Creek, Coral Springs, and Parkland for years to come.

Thinking About Making a Move?

Whether you're buying, selling, or just want to know what your home is worth in today's market, I'm happy to help. Call or text me at (561) 289-9305 or email chris@homesbycusi.com.

Sources: MIAMI Realtors + RWorld August 2026 Broward release; By The Sea Realty summary of Florida Realtors SunStats, August 2026; Freddie Mac rate survey (September 24, 2026); The Friendly Scoop, "The Broward Housing Squeeze" (thefriendlyscoop.com/news/broward-housing-squeeze).