Hollywood Detached Home Market Update – July 2026
Tom Dunphy Realtor | Fulton Grace Realty
TomDunphySellsRealEstate.com
Thomas J. Dunphy III
Florida State-Certified Residential Real Estate Appraiser, RD8755
APPRAIS
Hollywood Detached Home Market Overview
The Hollywood detached home market, excluding HOPA (55+) communities, continued to reflect generally stable market conditions through July 2026. Buyer demand strengthened throughout the past year while inventory also increased, resulting in a balanced market that continues to favor properly priced homes.
The total number of settled sales increased during the current six-month period compared with the prior seven- to twelve-month period. Sales activity also increased during the most recent three months compared with the prior four- to six-month period, indicating continued buyer demand. The absorption rate increased to approximately 98 sales per month during the current reporting period, the highest level reported during the past year.
The number of active listings has also increased, and the months of housing supply have gradually risen throughout the year. However, the increase has remained relatively modest and has not significantly affected home values. Median sale prices have remained generally stable, while the current median marketing time is approximately 54 days, indicating that properly priced homes continue to sell within a relatively short period.
Overall, the Hollywood detached home market remains stable, supported by increasing buyer activity, stable home prices, and marketing times that continue to favor sellers who price their homes competitively.
Understanding the Numbers
Median Sale Price
The median sale price represents the midpoint of all detached home sales during a specific period. Half of the homes sold above the median price, while half sold below it.
The median sale prices during the reporting periods were approximately:
• $550,000 during the prior seven to twelve months
• $546,900 during the prior four to six months
• $559,500 during the most recent three months
Although sale prices have fluctuated modestly between reporting periods, the overall trend supports stable home values rather than a sustained upward or downward trend.
Absorption Rate
The absorption rate measures the average number of homes selling each month.
The Hollywood detached home market increased from approximately 81 sales per month during the prior seven- to twelve-month period to approximately 98 sales per month during the most recent three months.
An increasing absorption rate indicates that buyers continue purchasing available homes at a healthy pace.
Months of Housing Supply
Months of housing supply estimates how long it would take to sell the current inventory if no additional homes were listed.
Housing supply gradually increased from approximately 4.05 months to approximately 4.57 months during the reporting periods. Although this represents the highest level of the year, the increase has been relatively modest and continues to support a balanced market.
Days on Market
Days on market measures how long a property is typically listed before going under contract.
The median marketing time declined from approximately 74 days during the prior seven- to twelve-month period to approximately 54 days during the current three-month period.
This indicates that properly priced detached homes continue to sell in less than 90 days. A typical exposure period of zero to 90 days remains reasonable for this market.
Sale-to-List Price Ratio
The median sale-to-list price ratio remained approximately 100% throughout each reporting period.
This indicates that many homes ultimately sold near their asking prices. However, buyers and sellers should remember that recent comparable sales provide the strongest evidence of current market value.
What This Means for Buyers
Buyers should be prepared to act when they find a properly priced home.
The increasing absorption rate and relatively short marketing times indicate that buyers continue to compete for desirable properties. Waiting too long to submit an offer may result in losing the property to another purchaser.
As both a Florida Realtor and a Florida State-Certified Residential Real Estate Appraiser, I analyze recent comparable sales to determine whether an asking price is supported by current market evidence.
If a property is priced appropriately, I would recommend making a competitive offer. If the asking price appears above current market value, I would explain why and recommend an offer supported by recent comparable sales.
Moving quickly does not mean overpaying. It means understanding the market, recognizing value, and making a well-supported offer before another buyer acts.
What This Means for Sellers
Sellers continue to benefit from active buyer demand, but competitive pricing remains essential.
Although inventory has increased during the past year, buyer activity has also increased. Properly priced detached homes continue to attract qualified buyers within a relatively short marketing period.
Rather than relying on the highest active listing when determining a list price, sellers should focus on recent comparable sales and current market conditions. Pricing competitively from the beginning typically generates stronger buyer interest, improves negotiating opportunities, and reduces the likelihood of future price reductions.
Appraiser's Perspective
The Hollywood detached home market, excluding HOPA (55+) communities, continues to reflect stable market conditions. While the number of active listings and the months of housing supply have gradually increased over the past year, buyer demand has also strengthened. The increase in settled sales and the higher absorption rate indicate that buyers continue to actively purchase available homes, helping to maintain balance within the market.
The current absorption rate of approximately 98 sales per month represents the highest level reported during the past year, while median sale prices have remained generally stable. These factors suggest that the additional inventory has not resulted in meaningful downward pressure on home values. Although inventory should continue to be monitored, current market conditions continue to support overall stability.
The median marketing time has declined to approximately 54 days, indicating that properly priced detached homes continue to sell relatively quickly. A typical exposure period of zero to 90 days remains reasonable under current market conditions.
From an appraisal standpoint, the available market data supports a stable market conclusion. Buyer demand remains healthy, home values have remained relatively consistent, and properly priced properties continue to attract buyers within a reasonable marketing period.
Tom's Perspective as a Realtor
As both a Florida Realtor and a Florida State-Certified Residential Real Estate Appraiser, I believe this market rewards buyers and sellers who rely on current market evidence and realistic expectations.
If I were representing a buyer, I would begin by analyzing the recent comparable sales to determine whether the asking price is supported by today's market. Homes are selling relatively quickly, so when a property is priced appropriately, I would recommend making a competitive offer rather than waiting too long. At the same time, I would not recommend overpaying simply because inventory is limited. My goal is to help buyers purchase the right home at a price supported by current market data.
If I were representing a seller, I would recommend pricing the property competitively from the beginning. While inventory has increased modestly, buyer demand has also strengthened, and properly priced detached homes continue to attract qualified buyers within a relatively short period. Rather than pricing a home based solely on the highest active listing, I would rely on recent comparable sales and current market conditions to establish a list price that gives the property the best opportunity to sell.
Whether representing a buyer or a seller, my objective is to provide advice supported by market evidence so clients can make informed real estate decisions with confidence.
Search Hollywood Detached Homes for Sale
Searching for a detached home in Hollywood?
I can help you identify available properties, analyze recent comparable sales, evaluate asking prices, and develop an offer strategy supported by current market evidence.
As both a Florida Realtor and a Florida State-Certified Residential Real Estate Appraiser, I provide clients with market-based guidance before they make one of the most important financial decisions of their lives.
Search available Hollywood detached homes at TomDunphySellsRealEstate.com.
Related South Florida Market Updates
For additional housing market information, visit Tom's Market Reports on TomDunphySellsRealEstate.com.
Market updates are available for detached homes and condominiums throughout Broward, Palm Beach, Martin, and St. Lucie Counties.
Contact Tom Dunphy
Tom Dunphy Realtor
Fulton Grace Realty
Thomas J. Dunphy III
Florida State-Certified Residential Real Estate Appraiser, RD8755
APPRAIS
Website: TomDunphySellsRealEstate.com
Whether you're buying or selling in Hollywood or anywhere in South Florida, I'd be happy to help you navigate today's market with the benefit of both real estate and appraisal expertise.
Disclaimer
This market update is provided for general informational purposes only and is based on available Multiple Listing Service data and market statistics as of July 31, 2026. Market conditions may vary by neighborhood, property type, condition, location, lot size, age, renovations, waterfront influence, and other property-specific characteristics.
The information contained in this report should not be considered an appraisal, comparative market analysis, guarantee of value, or prediction of future market performance. An appraisal requires an analysis of a specific property, its relevant characteristics, and the most comparable available market data.
Real estate market conditions can change over time. Buyers and sellers should obtain current professional guidance before making any real estate decision.