27,000+ closed MLS transactions across Miami-Dade, Broward, and Palm Beach for February 2024, 2025, and 2026. Single-family homes are appreciating. Condos are under pressure.
Download Full Report (PDF)The South Florida market is bifurcated. Single-family homes are appreciating in Miami-Dade and Palm Beach. Condos are facing price pressure and rising days on market across all three counties.
Palm Beach single-family home prices rose +7.7% over two years to $711K. Miami-Dade SFR followed at +7.0% to $685K. Broward SFR dipped to $620K.
Miami-Dade condos took a median of 174 days to sell, up from 85 days in 2024. Broward condos at 171 days. Palm Beach condos at 119 days.
Broward condo median price fell −7.0% to $265K. Price per square foot fell 8.5%, the largest decline in the dataset.
76% of Palm Beach condo sales and 62% of SFR sales were all-cash. Cash buyers paid 35% more than financed buyers on Miami-Dade SFR.
31% of Miami-Dade and Broward SFR closings included seller concessions. Average: $16,263 in Miami-Dade. Palm Beach: just 7.1%.
A pool home in Palm Beach sold for +103% over a non-pool home. Miami-Dade: +80%. Broward: +64%.
| Metric | Value |
|---|---|
| Palm Beach SFR median price · 2-year change | +7.7% ($711K) |
| Miami-Dade condo median days on market | 174 days |
| Broward condo median price · 2-year change | −7.0% |
| Palm Beach condo cash share | 76% |
| Miami-Dade SFR cash buyer premium | +35% |
| Miami-Dade SFR concession rate | 31.6% |
| Palm Beach SFR pool premium | +103% |
| Broward new construction SFR premium | +227% |
Eleven data sections, three-year trend tables, county-by-county deep dives, waterfront and pool premiums, new construction, distressed sales, and complete seller strategy guidance.