Hollywood, Florida 55+ Condominium Market Update – July 2026
For buyers and sellers considering a condominium within a HOPA (55+) community in Hollywood, Florida, the July 2026 market data shows increased sales activity and absorption, along with an increase in available inventory.
I’m Tom Dunphy Realtor with Fulton Grace Realty, a Licensed Florida Real Estate Sales Associate. Through TomDunphySellsRealEstate.com, I publish local market updates combining current MLS statistics with nearly three decades of residential valuation experience.
Hollywood 55+ Condominium Market Conditions
The total number of settled sales increased during the current six months when compared with the prior seven-to-twelve-month period.
There were 93 settled sales during the prior seven-to-twelve months, compared with 97 sales during the current six months—43 during the prior four-to-six months and 54 during the most recent three months.
The absorption rate also increased, moving from 15.50 sales per month during the prior seven-to-twelve months to 14.33 during the prior four-to-six months and 18.00 sales per month during the most recent three months. The current three-month period therefore represents the fastest sales pace of the three reporting periods.
Available inventory increased at the same time. Active listings moved from 163 to 200 and then to 216 units during the most recent three months.
Months of housing supply increased from 10.52 months during the prior seven-to-twelve months to 13.95 months during the prior four-to-six months before declining to 12.00 months during the most recent three months. Although absorption improved, buyers continue to have a substantial amount of inventory from which to choose.
Median comparable sale prices measured $160,000, $148,000, and $154,000 during the respective periods, supporting an overall conclusion of generally stable pricing.
Median comparable sales days on market measured 117 days during the most recent three months, compared with 142 days during the prior four-to-six months and 126 days during the prior seven-to-twelve months. Median listing days on market also declined to 188 days from 262 days during the earlier period.
The median sale-to-list price ratio remained approximately 100% throughout all three reporting periods.
Foreclosure and short-sale activity was minimal. Of 190 closed sales during the past 12 months, none were reported as foreclosure or short sales. As of July 31, 2026, one of the 216 active listings was identified as a foreclosure or short sale.
Typical marketing and exposure times are estimated at approximately three to six months, depending on the individual unit, community, condition, pricing, and other property-specific characteristics.
Appraiser’s Perspective
Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755
The current data reflects increased transaction activity accompanied by increased available inventory.
The absorption rate reached 18 sales per month during the most recent three months, compared with 15.50 sales per month during the prior seven-to-twelve-month period. However, active inventory increased from 163 to 216 units over the same reporting periods. Consequently, the market currently has approximately 12 months of housing supply.
Median sale prices fluctuated between $148,000 and $160,000 during the three reporting periods, with the most recent median at $154,000. The monthly median-price chart also shows fluctuations rather than a sustained directional price movement.
Marketing time has declined, with current median comparable sales days on market at 117 days, or approximately four months.
Overall, the data supports a conclusion of generally stable pricing, increased sales activity, increased absorption, and increased available inventory as of July 2026.
Condominium values can vary considerably between communities and even between units within the same development. Floor level, view, unit size, condition, renovations, amenities, association fees, assessments, reserves, and other project-specific characteristics can influence buyer reaction and individual property value.
Tom the Realtor’s Perspective
Tom Dunphy Realtor
Fulton Grace Realty
Licensed Florida Real Estate Sales Associate
For Buyers
For buyers, there are two sides to the current market.
Sales activity has increased and the absorption rate reached 18 sales per month, indicating that properties are being purchased. At the same time, 216 active listings and approximately 12 months of housing supply provide buyers with a meaningful selection of available units. Current median sales marketing time is approximately 117 days, or just under four months.
I would closely monitor new listings and days on market. When a property that meets your requirements becomes available, we can take a look at it and determine whether it deserves further consideration.
Once we identify a unit you are seriously interested in, I would conduct a more detailed analysis of recent comparable sales, preferably beginning with similar units within the same condominium community or building and then expanding the analysis when necessary. I would consider unit size, floor location, view, condition, renovations, amenities, and other relevant characteristics before developing an appropriate offer range and negotiating strategy.
I would also want to understand why the seller is selling and what may be motivating the sale. Seller motivation does not determine value, but it can be important when developing a negotiating strategy.
With a condominium purchase, analyzing the individual unit is only part of the process.
I would also want to investigate the condominium association and project, including:
- Whether required milestone or structural inspections have been completed, including any applicable 40-year inspection requirements.
- Whether there are any current or anticipated special assessments, what those assessments are for, and the amount involved.
- If an assessment exists, whether the seller or buyer will be responsible for the remaining balance at settlement, subject to the contract and association requirements.
- The amount of the condominium fee and what the fee includes.
- Available information concerning association finances, reserves, insurance, and other condominium documents that should be reviewed as part of the buyer’s due diligence.
The goal is not simply to determine whether you like the unit. We also want to understand what you are buying into financially and physically before moving forward.
For Sellers
For sellers, the current market makes pricing and positioning particularly important.
Although sales and absorption have increased, buyers currently have 216 active listings to choose from and approximately 12 months of housing supply. That means your unit is competing with a substantial amount of available inventory.
I would begin by analyzing the unit’s condition, renovations, living area, floor location, view, amenities, and other relevant characteristics. I would then compare the property with recent sales and current competing listings, giving particular attention to similar units within the same building or community.
The condominium itself also matters. I would want to understand the project’s inspection status, condominium fees, reserves, current or anticipated assessments, and other factors that prospective buyers are likely to investigate.
With median comparable sales days on market currently at approximately 117 days, establishing a competitive asking price from the beginning is important.
Once the pricing strategy is established, the property would be professionally presented and marketed according to the seller’s preferences. That strategy can include traditional staging, selective furniture placement, or virtual staging when appropriate, along with professional photography, MLS marketing, exposure on third-party real estate websites, TomDunphySellsRealEstate.com, the Fulton Grace Realty website, social media, and open houses.
If the unit is vacant, virtual staging can help prospective buyers visualize furniture placement, room scale, and how the space may function. If the unit is occupied, traditional staging or selective furniture placement may help improve presentation and make the property more competitive against other available units.
The objective is to give the property broad exposure while positioning it competitively against the other condominium units buyers are considering.
Why Condominium Due Diligence Matters
Buying a condominium involves more than evaluating the interior of an individual unit.
The financial and physical condition of the condominium association can affect ownership costs and a buyer’s decision to purchase. Association fees, reserves, insurance, structural or milestone inspections, special assessments, and planned repairs can all be important considerations.
Before purchasing a condominium, buyers should review the applicable condominium documents and obtain appropriate professional guidance regarding the association, inspections, assessments, and other matters that may affect the property.
For sellers, having relevant condominium information available can also help prospective buyers understand the property and association during the decision-making process.
Searching for a Hollywood 55+ Condominium?
If you’re considering buying or selling a condominium within a Hollywood 55+ community, I can help you evaluate both the individual unit and the current market.
As Tom Dunphy Realtor with Fulton Grace Realty, I represent buyers and sellers throughout South Florida.
My background as Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755 provides an additional valuation perspective when analyzing comparable sales, property characteristics, and current market conditions.
Visit TomDunphySellsRealEstate.com to search available properties and review additional Florida real estate market reports.
Related South Florida Market Updates
Visit Tom’s Market Reports on TomDunphySellsRealEstate.com for additional market analysis covering detached homes, condominiums, 55+ communities, and upper-tier properties throughout Broward, Palm Beach, Martin, and St. Lucie Counties.
Contact Tom Dunphy Realtor
Tom Dunphy Realtor
Fulton Grace Realty
Licensed Florida Real Estate Sales Associate
TomDunphySellsRealEstate.com
Whether you’re buying or selling a Hollywood 55+ condominium or another South Florida property, I can help you analyze the market, evaluate individual properties, and develop a strategy based on current market data.
Disclaimer
This market update is provided for general informational and educational purposes only and is based on available Multiple Listing Service data and market statistics as of July 31, 2026. Market statistics may change as additional transactions are reported or existing information is updated.
Market conditions can vary significantly by condominium community, building, unit size, floor level, view, condition, renovations, amenities, association fees, reserves, assessments, and other property-specific characteristics.
The market observations contained in this article are general in nature and should not be interpreted as an appraisal, broker price opinion, comparative market analysis, or opinion of value for any specific property.
Any appraisal-related commentary represents general market analysis only. No appraisal assignment has been performed for the reader or any specific property through this article, and no appraiser-client relationship is created by its publication or use.
References to condominium inspections, association finances, reserves, insurance, assessments, and condominium documents are provided for general informational purposes only and are not legal, engineering, structural, insurance, or financial advice. Buyers and sellers should consult the appropriate qualified professionals and review applicable association documents before making decisions.
Real estate decisions should consider the characteristics and circumstances of the individual property. Buyers and sellers should obtain appropriate professional advice and property-specific analysis before making financial, legal, lending, insurance, inspection, tax, or investment decisions.
Tom Dunphy Realtor is affiliated with Fulton Grace Realty as a Licensed Florida Real Estate Sales Associate.
Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755 provides appraisal services separately from real estate brokerage services.