Hollywood, Florida Condominium Market Update (Excluding HOPA Communities) – July 2026
Tom Dunphy Realtor | Fulton Grace Realty
TomDunphySellsRealEstate.com
Thomas J. Dunphy III
Florida State-Certified Residential Real Estate Appraiser, RD8755
APPRAIS
Hollywood, Florida Condominium Market Overview
The Hollywood, Florida condominium market, excluding HOPA (55+) communities, continued to reflect generally stable market conditions through July 2026. Buyer activity increased modestly during the past year, while inventory also continued to expand, providing buyers with additional choices without significantly altering overall market stability.
The total number of settled sales increased during the current six-month period compared with the prior seven- to twelve-month period. The absorption rate also increased to approximately 56 sales per month during the most recent three-month period, the highest level reported during the past year. These trends indicate that buyers continue to actively purchase available condominium units.
At the same time, active listings increased to approximately 620 units, the highest level reported during the past year. Months of housing supply also increased to approximately 11.07 months, providing buyers with additional inventory to consider. Although the median sale price declined modestly during the most recent reporting period, the overall price trend remains generally stable when viewed over the broader twelve-month period. The current median marketing time has improved to approximately 104 days, indicating that properly priced condominiums continue to attract buyers within a reasonable marketing period.
Overall, the Hollywood, Florida condominium market, excluding HOPA communities, remains stable, with increasing buyer activity balanced by higher inventory levels and generally consistent home values.
Understanding the Numbers
Median Sale Price
The median sale price represents the midpoint of all condominium sales during a specific period. Half of the units sold above the median price, while half sold below it.
The median sale prices during the reporting periods were approximately:
• $340,000 during the prior seven to twelve months
• $350,000 during the prior four to six months
• $320,000 during the most recent three months
Although the current median sale price is lower than the prior reporting periods, the overall market continues to reflect generally stable values. The accompanying price chart illustrates normal month-to-month fluctuations rather than a sustained downward trend.
Absorption Rate
The absorption rate measures the average number of condominium units selling each month.
The absorption rate increased from approximately 50.83 sales per month during the prior seven- to twelve-month period to approximately 56 sales per month during the most recent three-month period.
An increasing absorption rate indicates that buyers continue purchasing available condominium units 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 condominium units were listed.
Housing supply increased from approximately 8.64 months during the prior seven- to twelve-month period to approximately 11.07 months during the most recent three-month period.
The increase provides buyers with more choices and additional negotiating opportunities while continuing to support an overall stable market.
Days on Market
Days on market measures how long a property is typically listed before going under contract.
The median marketing time improved from approximately 152 days during the prior seven- to twelve-month period to approximately 104 days during the most recent three-month period.
Although marketing times remain longer than many detached home markets, properly priced condominium units continue to attract buyers within a reasonable period. A typical exposure period of approximately three to six months remains appropriate under current market conditions.
Sale-to-List Price Ratio
The median sale-to-list price ratio remained approximately 100% throughout each reporting period.
This indicates that many condominium units ultimately sold near their asking prices. However, buyers and sellers should remember that recent closed sales provide the strongest indication of current market value, while active listings reflect seller expectations.
What This Means for Buyers
Buyers currently have more condominium units to choose from than they did earlier in the year, creating additional opportunities to compare properties before making a decision.
Although buyer activity has increased, the higher inventory level and longer housing supply provide buyers with somewhat greater negotiating flexibility than in many detached home markets.
As both a Florida Realtor and a Florida State-Certified Residential Real Estate Appraiser, I analyze recent comparable sales before recommending an offer. If a condominium is priced appropriately, I would recommend submitting a competitive offer supported by current market evidence. If the asking price appears above market value, I would explain why and recommend an offer based on recent comparable sales rather than simply matching the list price.
Taking the time to evaluate available inventory does not mean delaying unnecessarily. It means making an informed decision based on current market conditions and comparable sales.
What This Means for Sellers
Sellers continue to benefit from active buyer demand, but increased inventory makes competitive pricing especially important.
Although current median list prices are the highest reported during the past year, recent closed sales indicate that buyers remain focused on market-supported values. Sellers who price their condominium based upon recent comparable sales rather than optimistic asking prices should have the best opportunity to attract qualified buyers and achieve a successful sale.
Properties that are competitively priced and presented in good condition continue to perform well, while units priced above current market expectations may experience longer marketing times.