Read Today’s Top Story: South Florida’s housing market is telling two different stories: Matthew Gardner’s Q2 2026 housing market update

Current Market Data

Single-family starts rise in April

Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market. 
Builder confidence rebounds in May on tight existing inventory

Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported. 
Tiny South Florida town named the nation’s most affordable suburb within a hot housing market

Medley, with a population just over 1,000, has a median price per square foot of $154, a 65% difference compared to Miami.
The spring market is a seller’s market as demand rises, supply remains low

Miami’s April average home value rose, while pending sales fell from March as new inventory was also down.
Perception of a seller’s market fails to deter younger buyers, new study finds

Homebuyers in their 40s and younger are still planning to buy homes, even though most believe the market favors homesellers.
MBA: Mortgage applications rise on lower rates

Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported. 
One-fifth of all Americans rent storage spaces — what that says about renters’ growing need for space

The need for more space is common among all self-storage users: 40% of survey respondents listed this as their primary reason for renting storage space.
NAR: Low inventory drives pending-home sales lower in March

High demand drove multiple offers on about a third of pending sales, while 28% of homes sold above list price, the National Association of REALTORS® reported. 
South Florida luxury properties see short-term sales jump

The Keyes Company and Illustrated Properties’ latest Luxury Report details quarterly gains.
45% of Florida homes are part of an HOA, the highest percentage in the nation

In Florida, 3.9 million of the state’s 8.6 million homes are in a homeowner association, with an average monthly fee of $389.
March brings rise in single-family construction

U.S. government data shows builders increased the pace of single-family home construction while slowing the pace of multifamily starts. 
NAHB: Builder confidence rose again in April

The National Association of Home Builders/Wells Fargo Housing Market Index rose for the fourth month in a row in April as the construction industry remained “cautiously optimistic.”     
Sizing up from a condo to a home in South Florida

Is upsizing from a condominium to a detached home attainable in South Florida?
Despite fewer sales, it’s a seller’s market in parts of the U.S.

New listings are still in short supply, falling 21.8% from last year.
Mortgage rates decline for fourth consecutive week

This was the fourth week in a row of declines, leaving prospective buyers hopeful for sustained low rates throughout spring homebuying season.
Renovations that can boost your bottom line

One of the best ways sellers can make their home stand out in today’s market is by upgrading their space with luxury renovations and amenities.

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