South Florida Market Snapshot – May 2026
^{Data source: realtor.com.}
Monthly data updated on June 3, 2026 with data through May 2026.

Miami-Dade County

• Median Listing Price: $595,000 (−3% YOY / 0% MOM)
• Active Listings: 17,139 (−12% YOY / −2% MOM)
• Median Days on Market: 83 (+5% YOY / +3% MOM)
• New Listings: 3,444 (−8% YOY / −7% MOM)
• Price Increases: 240 (+30% YOY / +35% MOM)
• Price Reductions: 3,252 (−25% YOY / +1% MOM)
• Pending Listings: 3,817 (+13% YOY / −1% MOM)
• Median Price per Square Foot: $465 (−4% YOY / 0% MOM)

Broward County

• Median Listing Price: $380,000 (−5% YOY / 0% MOM)
• Active Listings: 15,145 (−16% YOY / −2% MOM)
• Median Days on Market: 80 (+5% YOY / +5% MOM)
• New Listings: 3,360 (−5% YOY / −6% MOM)
• Price Increases: 164 (+8% YOY / +6% MOM)
• Price Reductions: 3,552 (−31% YOY / −7% MOM)
• Pending Listings: 3,723 (+10% YOY / +2% MOM)
• Median Price per Square Foot: $302 (−4% YOY / 0% MOM)

Palm Beach County

• Median Listing Price: $499,000 (0% YOY / −1% MOM)
• Active Listings: 11,659 (−19% YOY / −5% MOM)
• Median Days on Market: 75 (+1% YOY / +3% MOM)
• New Listings: 2,960 (−7% YOY / −11% MOM)
• Price Increases: 140 (+9% YOY / +15% MOM)
• Price Reductions: 3,308 (−30% YOY / −10% MOM)
• Pending Listings: 3,856 (+17% YOY / −2% MOM)
• Median Price per Square Foot: $308 (−1% YOY / 0% MOM)

Behind the Numbers

The latest data across Miami-Dade, Broward, and Palm Beach reflects a market that continues to move at a measured pace. Median listing prices remained relatively stable, with modest year over year declines in Miami-Dade and Broward and flat pricing in Palm Beach. Inventory levels continue to trend below last year across all three counties, while days on market have increased slightly, pointing to longer decision timelines. At the same time, pending listings posted solid year over year gains throughout the region, reinforcing that buyer activity remains present and that well-positioned properties continue to find demand.

Additional Insight

One notable dynamic this month is the combination of lower inventory and stronger pending activity across all three counties. At the same time, price reductions remain significantly below last year's levels, suggesting fewer sellers are making aggressive pricing adjustments to attract buyers. This may indicate a market where expectations between buyers and sellers are becoming more aligned. While the pace of transactions remains deliberate, the data points to a market that continues to support steady activity through realistic pricing, thoughtful preparation, and strategic positioning rather than urgency alone.

Header image courtesy of Maria Jose Diaz Mendizabal. 10275 Collins Avenue, #509, Bal Harbour, 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.}