Broward County closed 328 homes at $1 million and above in June 2026, up 35 percent from 243 a year earlier, according to MIAMI REALTORS. What I watch is supply: Broward condos sit at 10.1 months against 12.3 in Miami-Dade, so the overhang is clearing faster north of the county line. If you are shopping condos, price the two counties as separate markets.
South Florida gets covered as one market. It is three. On July 17, 2026, MIAMI REALTORS released June county-level data, and Broward outran Miami-Dade on almost every line that matters to a buyer at the top of the market. Broward $1 million and up sales rose 35 percent. Miami-Dade rose 29.14 percent. Broward total sales rose 21.1 percent against 14.3 percent. Broward active listings fell 19.5 percent against 14.9 percent. None of that says Broward is now the better buy, and I am not going to pretend it does. It says the supply math is different in the two counties right now, and buyers shopping both should stop using one set of assumptions. If you are early in the process, pair this with my Miami pre-construction buyer's guide.
What Broward Actually Reported in June 2026
Start with the raw counts rather than the percentages, because percentages off a small base flatter a market that has not really moved. Broward's base is not small. Here is the June 2026 county picture, per MIAMI REALTORS:
- Total sales: 2,347, up 21.1 percent from 1,938, a fourth straight month of year-over-year gains.
- $1 million and up sales: 328, up 35 percent from 243.
- Single-family sales: 1,298, up 26.02 percent from 1,030.
- Existing condo sales: 1,049, up 15.53 percent from 908.
- Single-family median price: $645,000, up 2.39 percent from $629,950.
- Condo median price: $265,000, down 1.83 percent from $269,950.
- Total dollar volume: $1.6 billion, up 30.21 percent.
The line that matters most to a luxury buyer is 243 to 328. Eighty-five additional million-dollar closings in a single month, in a county whose median house is $645,000, means the top of the Broward market grew faster than the middle did. Dollar volume climbing 30.21 percent against a 21.1 percent sales gain confirms it: the average transaction got bigger, not just more frequent.
The condo median falling 1.83 percent while condo sales rose 15.53 percent is not a contradiction. It means more units cleared at the lower end of the stack. Broward's condo activity concentrated in the $400,000 to $500,000 band, which rose 26 percent year over year. Volume returned first at the price points where an assessment does not decide the deal.
Broward Against Miami-Dade, Same Month, Same Source
MIAMI REALTORS published both counties on July 17, 2026, from the same MLS data, which makes this a clean comparison rather than a cherry-picked one. Miami-Dade had a genuinely strong month too: 2,107 total sales, its best June since 2023, and a 10th consecutive month of year-over-year gains. But the two counties are at different points in the same cycle.
The clearest split is condo supply. Broward existing condos carry 10.1 months of inventory against 12.3 months in Miami-Dade. Both are buyer's markets, since balanced runs six to nine months. Broward is simply two months closer to the exit. The days-on-market numbers say the same thing from a different angle: a Broward condo goes under contract in a median 71 days, a Miami-Dade condo in 85.
Here is the June 2026 side by side, per MIAMI REALTORS.
| June 2026 metric | Broward | Miami-Dade | Who is further along |
|---|---|---|---|
| $1M+ sales growth | up 35% (243 to 328) | up 29.14% (374 to 483) | Broward |
| Total sales growth | up 21.1% (2,347) | up 14.3% (2,107) | Broward |
| Condo months of supply | 10.1 months | 12.3 months | Broward |
| Condo days to contract | 71 days | 85 days | Broward |
| Active listings change | down 19.5% | down 14.9% | Broward |
| Single-family months of supply | 4.3 months | 4.9 months | Both seller's markets |
| Dollar volume growth | up 30.21% ($1.6B) | up 36.39% ($2.4B) | Miami-Dade |
Read the last row carefully, because it is the one that keeps this honest. Miami-Dade grew dollar volume faster, 36.39 percent to $2.4 billion against Broward's 30.21 percent to $1.6 billion. Miami-Dade is still the larger and more expensive market, and its median house at $695,000 and median condo at $431,000 both sit well above Broward's $645,000 and $265,000. Broward is not overtaking Miami-Dade. Broward is working through its condo inventory faster, which is a different and more useful fact. I covered the Miami-Dade side of this same release in my note on Miami's June million-dollar sales jump, and Broward's own luxury pipeline is visible in projects like Pier Sixty-Six in Fort Lauderdale.
The Financing Deadline Nobody Is Pricing In
Both counties buried the same paragraph, and it is the most actionable thing in either release. Fannie Mae and Freddie Mac are eliminating the limited review option for many condo loans beginning August 3, 2026. Limited review is the shortcut that lets a lender skip most project-level underwriting when a borrower puts enough down. Removing it means more transactions get full scrutiny of the association's budget, reserves, litigation and delinquency rates.
South Florida condo financing was already narrow. Only 21 of the 2,397 condo buildings across Miami-Dade, Broward and Palm Beach are approved for FHA loans, per U.S. Department of Housing and Urban Development statistics cited by MIAMI REALTORS. That is 0.9 percent. MIAMI REALTORS itself names the FHA gap as a drag on the condo market in both county releases.
My advice on this is unglamorous and it is the same in both counties: if you are financing a condo, get the association's reserve study, budget and litigation disclosure in front of your lender before you write the offer, not after inspection. I would rather lose a week on paper than watch a deal die in underwriting at day 40 because a building the borrower loved could not clear a full review. The building financial health guide lists exactly what to pull, and the SB 4-D special assessments guide covers the Florida-specific reserve rules that drive most of these declines.
Cash insulates you from all of it, and a lot of South Florida is cash. Cash represented 37.1 percent of all Broward closings in June 2026 and 53.4 percent of Broward existing condo sales. Miami-Dade ran 38.1 percent overall and 48.5 percent on condos. Nationally about 25 percent of home sales are cash, per NAR. If you are a financed buyer competing in that field, the August 3 change makes your paperwork readiness part of your offer strength.
How I Would Use This Data as a Buyer
Two months of supply is not a reason to change counties. Lifestyle, commute and what you actually want to own decide that. But if you are genuinely open to both, here is how I would work it.
Treat 10.1 versus 12.3 months as a negotiating input, not a verdict. Broward condo sellers are, on average, two months closer to a market where they hold pricing power again. That shows up as slightly less patience for a low offer and slightly faster acceptance of a fair one. Miami-Dade condo sellers still have 12.3 months of competition, and a Miami-Dade condo takes a median 85 days to go under contract against 71 in Broward. Ask for more on price in Miami-Dade. Move faster in Broward.
On the single-family side, stop negotiating like it is a buyer's market anywhere. Broward houses are at 4.3 months and Miami-Dade at 4.9, both firmly seller territory. Broward single-family inventory fell 24.28 percent year over year, from 5,897 listings to 4,465. Broward sellers got a median 96 percent of original list price and Miami-Dade sellers 95 percent. Those are not numbers that reward a lowball.
And watch the migration flow rather than the monthly print. Out-of-state driver license exchanges into Broward rose 6 percent year over year in 2025, per MIAMI REALTORS research, with New York, California and New Jersey as the top feeder states. Fort Lauderdale ranked No. 7 among U.S. growth cities in the U-Haul study cited in the same release. A month of sales data can bounce for a dozen reasons. People changing their driver's license do not bounce. That is the number I would build a two-year thesis on, and it is the one I use when a client asks me whether Broward is a real market or a spillover story. Call me at (305) 964-8614 and we can put your specific price band against it.
"A county line is a tax boundary, not a market boundary, and buyers keep treating it as one number. Broward and Miami-Dade printed the same month from the same MLS and told two different stories about supply. Know which story your building is in before you decide what your offer should be."Gerardo Gonzalez, Licensed Real Estate Agent at Compass
Frequently Asked Questions About Broward's June 2026 Market
