Seven months in a row. That is how long homes in Miami-Dade County have been selling faster than new listings can replace them. Broward County has tracked the same pattern. By March 2026, the two counties that anchor South Florida’s housing market were posting rising sales, falling inventory, and median prices that climbed well above year-ago levels, a combination that is making an already competitive spring season even harder for buyers.
Inventory keeps shrinking as sales climb
Federal Reserve Economic Data tracking Miami-Dade active listings shows year-over-year declines through February 2026, the most recent month available in the series. Broward County’s inventory followed the same downward path in the FRED time series, which draws on Realtor.com data. In both counties, the supply of homes available for sale has been contracting for months with no sign of reversal.
The MIAMI Association of Realtors reported that Miami-Dade countywide sales rose for the seventh consecutive month in March 2026, with gains in both single-family homes and condominiums. Broward recorded a parallel increase in closed transactions across both property types.
“Buyers continue to move quickly in South Florida because they understand that waiting has a cost when inventory is this limited,” said Ines Hegedus-Garcia, chair of the MIAMI Association of Realtors board, in the association’s March 2026 market report…