02/23/2026
Broward Market Update ๐๐ก
Inventory is sitting at 11.2 months, average sale prices are down year over year for both single family homes and condos, and homes are taking about 90 days to move โณ Sold listings are down, active listings remain elevated, and that leaves buyers with more options than weโve seen in years.
This doesnโt automatically mean values are collapsing. It does mean leverage has shifted ๐
๐ค Buyers have room to negotiate, ask for credits, and actually take a breath before making a decision. Thatโs powerful.
๐ท๏ธ Sellers can absolutely still win, but pricing correctly and understanding buyer psychology is everything right now. We are seeing it too often where a home starts at an aspirational number with the mindset of โwe can always come downโ. You canโฆ but in this environment time can cost you more in your net sale price.
The homes that are selling are the ones that feel like a smart decision, not an emotional impulse. Buyers are analytical right now. They are comparing everything. They know they have options.
๐ If youโre a buyer, strategy beats speed. This is where we get specific, define your criteria, watch patterns, and move when the numbers make sense. Iโd love to talk through your homeownership plans and set you up long term, no pressure, no rush, just smart positioning.
๐ If youโre a seller, preparation and data matter more than optimism. The right plan still gets results, but pricing ahead of the market can hurt your net in the long run.
We are operating in a buyers market right now.
๐ Every neighborhood in Broward behaves differently, condos versus single family, waterfront versus inland, east versus west. The headlines are broad. The strategy is local.
If you want to understand how these numbers impact your specific situation, Iโd love to talk it through ๐ฌ
Evan Kessler
Compass
561-716-6065