Broward sees 328 million-dollar home sales, up 35% in June
Broward logged 328 sales above $1 million in June, a 35% jump that dwarfs the county’s broader market and keeps cash-rich buyers in focus.
Broward County recorded 328 home sales priced at $1 million or more in June, a 35% increase from a year earlier. The surge keeps the county’s luxury market moving faster than its broader housing market and raises the same question for everyday buyers in Fort Lauderdale, Miramar, Weston and Plantation: when expensive homes trade this quickly, does any of that heat reach the rest of Broward?
The answer is uneven, but the trend is unmistakable. MIAMI Association of Realtors data showed Broward’s $1 million-and-up sales were already up 14.6% in May, climbing to 291 from 254 a year earlier. The county’s total home sales also rose 6.1% in April, reaching 2,538 from 2,393. Together, those figures point to a market where the high end has been strong for months, not just a single June spike.
Cash remains a big part of that strength. In March, cash sales accounted for 42.6% of Broward closed sales, up from 39.9% in March 2023. That matters because cash buyers are less exposed to mortgage-rate swings, and their activity can keep expensive properties moving even when lower-priced segments are more sensitive to borrowing costs. In Miramar, where single-family home sales jumped 43% in June, the momentum extended beyond the county’s most obvious luxury enclaves.
Broward’s numbers also stand out because Palm Beach County often gets the spotlight in regional luxury coverage. Palm Beach has benefited from tax advantages, its political and cultural profile, and a steady flow of high-net-worth buyers, with one luxury market post saying sales of $1 million and above were climbing 14.7%. Even so, Broward’s 328 June sales put more expensive transactions on the board in a county that is usually discussed as a broader, more mixed market.
The contrast with recent history is sharp. Broward total home sales fell 14.3% in June 2023, sliding to 2,722 from 3,178 a year earlier, after luxury single-family sales had already shown resilience in June 2022. Realtor.com has described million-dollar home sales across South Florida as being at an all-time high, and Broward’s latest count fits that larger regional pattern. For now, the clearest spillover is not a headline jump in every neighborhood, but a market in which cash-heavy luxury demand is helping keep Broward’s upper tier unusually active.
This article was produced by Prism’s automated news system from verified source data, official records, and press releases, then run through automated quality and moderation checks before publishing. The system is built and supervised by the people who set the standards it runs under. Read our full AI policy.
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