Momentum continues to build across South Florida’s real estate markets as we move through 2026. What’s striking isn’t a lack of buyer interest—demand is strong—but rather that tighter inventory remains the biggest factor shaping opportunities. With mortgage rates in the low-6% range, we’re seeing a more stable environment, which is creating the kind of confidence that well-prepared buyers can use to their advantage.
The luxury segment—homes priced over $5 million—has been especially notable. At the moment, there are approximately 488 single-family listings in this range, with about 43 sales each month, while condos are seeing an average of 20 sales monthly. In total, there are roughly 4,500 homes on the market across South Florida, and it’s telling that about 10% are above $5 million and another 10% are under $500,000. This split illustrates how limited supply is helping to sustain property values.
If inventory levels remain low, upward pressure on prices is likely to continue. It’s also worth keeping an eye on the upcoming property tax referendum, which could shape the decisions of current and future owners. Having worked in Florida real estate for over three decades, I’ve seen how these local dynamics play out—and why understanding both market trends and lifestyle factors is key to making informed moves here.
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