South Florida Market Snapshot – August 2026
^{Data source: realtor.com.}
Monthly data updated on September 2, 2026 with data through August 2026

Miami-Dade

• Median Listing Price: $589,000 (-2% YOY / 0% MOM)
• Active Listings: 16,507 (-12% YOY / 0% MOM)
• Median Days on Market: 88 days (-5% YOY / +2% MOM)
• New Listings: 3,540 (+8% YOY / +12% MOM)
• Price Increases: 200 (+19% YOY / -8% MOM)
• Price Reductions: 2,776 (-24% YOY / -5% MOM)
• Pending Listings: 3,283 (+5% YOY / -2% MOM)
• Median Price per Square Foot: $460 (-2% YOY / 0% MOM)

Broward

• Median Listing Price: $380,000 (-5% YOY / 0% MOM)
• Active Listings: 14,270 (-15% YOY / -1% MOM)
• Median Days on Market: 85 days (-3% YOY / 0% MOM)
• New Listings: 3,076 (-4% YOY / -5% MOM)
• Price Increases: 148 (-8% YOY / -3% MOM)
• Price Reductions: 3,372 (-23% YOY / +6% MOM)
• Pending Listings: 3,223 (+1% YOY / -5% MOM)
• Median Price per Square Foot: $302 (-3% YOY / 0% MOM)

Palm Beach

• Median Listing Price: $480,000 (-1% YOY / -2% MOM)
• Active Listings: 10,217 (-19% YOY / -4% MOM)
• Median Days on Market: 80 days (-9% YOY / +1% MOM)
• New Listings: 2,600 (-2% YOY / +1% MOM)
• Price Increases: 92 (-36% YOY / -18% MOM)
• Price Reductions: 2,568 (-27% YOY / -1% MOM)
• Pending Listings: 3,157 (+10% YOY / -3% MOM)
• Median Price per Square Foot: $302 (0% YOY / -1% MOM)

Behind the Numbers

The latest data across Miami-Dade, Broward, and Palm Beach shows active inventory well below last year's levels, while median listing prices remain modestly lower across all three counties. Homes are also spending slightly fewer days on market, and pending listings remain above last year throughout the region. Closed-sales* data adds another layer to the picture, showing that market conditions vary by property type even as overall inventory has tightened.

Additional Insight

One important distinction is emerging between asking prices and actual sale prices. While county-wide median listing prices are lower than a year ago, median closed-sale* prices increased in several property segments, including single-family homes in all three counties. Sellers are also receiving a higher percentage of their original asking price in several segments. Together, the data shows why listing-price trends alone do not tell the full story of current pricing conditions.

Header image courtesy of Alessandra Sparks and Jacqueline Molina. Una Residences #PH4302, 175 SE 25th Street, Miami, FL. View property here.

^{Market data is sourced from third-party providers and reflects information available at the time of publication. Figures are subject to revision, errors, and omissions.}