Colin Gage - REALTOR

March 2026 Market Update - SE FL

Monthly supply of inventory for Miami-Dade decreased from March 2025 to March 2026 by 5% for single-family homes and 1.5% for townhouses/condos. Broward decreased by 11.1% for single-family homes and 5.8% for townhouses and condos. For the same property types, respectively, Palm Beach decreased by 19% and nearly 17.5%.

Miami-Dade County shows modest median sale price gains of 0.6% for single family homes and 1.7% increase for townhouses/condos. Broward County saw a decrease of 5.5% for single family homes and a decrease of 3.7% for townhouses/condos. Lastly, Palm Beach saw median sale price gains of 3.2% for single family homes and 6.5% gain for townhouses/condos. Homes in all categories and these three areas are sitting longer this year than last, with the exception of Palm Beach single family (flat). Buyers are being more selective, often exploring more options and more carefully negotiating contracts.

I’m happy to assist if you’re considering a move (or a second home) in FL!

October 2025 Market Update - SE FL

Monthly supply of inventory for Miami-Dade increased from October 2024 to October 2025 by 25% for single-family homes and 31% for townhouses/condos. Broward increased by 17% for single-family homes and 27% for townhouses and condos. For the same property types, respectively, Palm Beach increased by 2% and nearly 14%. While high and large gains over 2024, these have been fairly consistent for most of 2025.

With these supply increases YOY, Miami-Dade County shows more modest median sale price gains of 1.7% for single family homes and a 3.6% decline for townhouses/condos. Broward County saw a decrease of 0.6% for single family homes and a decrease of 7.5% for townhouses/condos. Lastly, Palm Beach saw median sale price gains of 3.5% for single family homes and 3.3% gain for townhouses/condos. Homes in all categories and these three areas are sitting longer this year than last.

SE Florida has historically proven that it can support higher inventory supply levels than many other areas (6-7 months), which we’ve now well exceeded for condos and townhouses. While there aren’t any signs of significant depreciation coming, the increased supply has slowed growth momentum or caused decline in some cases. As we close out a much less destructive hurricane season this year, hopefully we’ll see insurance costs further improve; as well as volatility and additional catchup of HOA reserves and special assessments slow down. Buyers for condos and townhouses currently have the upper hand right now and quoting insurance outside of hurricane season is often more favorable. Let me know if you’re considering a move (or a second home) in FL!

***New Listing ***

Charming 2-bedroom, 1-bath ranch located in a convenient Wyoming neighborhood close to parks, schools, and shopping centers. This home features a spacious living room with large bay windows offering plenty of natural light, a functional kitchen and dining area, and a partially finished basement providing additional living or storage space. Enjoy the outdoors in the partially fenced backyard—perfect for relaxing, gardening, or entertaining. With its great location and comfortable layout, this home is an excellent opportunity for first-time buyers, downsizers, or investors.