South Florida FL Market Gains Momentum

South Florida stayed on the rise in 2026, with momentum building across key markets as tighter supply, not weak demand, remained the main constraint.
A low-6% mortgage range was described as market-stabilizing, and that steadier backdrop was presented as a reason prepared buyers may want to act.
South Florida's >$5M segment stood out most, with ~488 single-family listings currently available, ~43 monthly home sales, and condo sales averaging ~20 monthly.
Across South Florida, ~4.5K homes were for sale currently; ~10% were priced >$5M, ~10% below $500K, showing why tighter supply can support values.
If supply stays low, prices face continued upward pressure, while the upcoming property tax referendum could influence how some owners think about moving.