Pompano Beach Condominium Market Update – July 2026

Excluding 55+ / HOPA Communities

Tom Dunphy Realtor | Fulton Grace Realty

Licensed Florida Real Estate Sales Associate
TomDunphySellsRealEstate.com

Appraisal & Market Analysis Background

Thomas J. Dunphy III
Florida State-Certified Residential Real Estate Appraiser – RD8755
APPRAIS

The Pompano Beach condominium market is showing a combination of positive and cautionary indicators. Sales activity and the absorption rate have increased, while active inventory and months of housing supply have also increased. Median sale prices, meanwhile, have remained generally stable.

During the 12-month period analyzed, there were 981 settled condominium sales. The prior 7–12 months accounted for 456 sales, followed by 249 sales during the prior 4–6 months and 276 during the current three months. That means the current six months produced 69 more settled sales than the prior 7–12 months.

The absorption rate increased from 76 sales per month during the prior 7–12 months to 83 sales per month during the prior 4–6 months and 92 sales per month during the current three months.

At the same time, active listings increased from 446 to 480 and most recently 632, while months of housing supply increased from 5.87 months to 6.87 months. Buyers are purchasing more condominiums each month, but additional inventory has entered the market at a pace sufficient to increase overall housing supply.

Median comparable sale prices were $246,500, $268,000 and $265,000 during the three periods analyzed. Based on this data, median sale prices have remained generally stable.

Median sales marketing time has also declined from 102 days to 76 days and most recently 71 days. Marketing time is generally within the 0–90 day range, while exposure time may extend into the three-to-six-month range depending on the individual property and its initial market positioning.

Overall, I would characterize the Pompano Beach non-HOPA condominium market as generally stable with mixed indicators, increasing inventory and continued buyer activity.

Tom the Realtor’s Perspective – Buyers

If I were representing a buyer in the current Pompano Beach condominium market, my first step would be making sure the buyer's financial position is organized before seriously beginning the property search.

If financing is involved, I would want the buyer to have a current preapproval, understand the amount of available funds and know their approximate borrowing power. Condominium financing can involve additional considerations because the lender may evaluate not only the borrower and individual unit, but also characteristics of the condominium association and project.

Once the financial side is organized, we can concentrate on identifying the condominium projects and buildings that meet the buyer's needs.

This is particularly important with condominiums because Pompano Beach contains a diverse range of properties. Broad citywide market statistics provide a useful overview, but individual condominium projects can behave differently based on location, association finances, insurance, reserves, assessments, amenities, building condition and other characteristics.

From there, I would establish property searches and remain vigilant in the MLS for new listings, price changes and properties that meet the buyer's criteria.

Once we identify a unit the buyer is seriously interested in, that is when the detailed analysis begins.

I would personally inspect the unit and complete an extensive Comparative Market Analysis (CMA). Whenever sufficient data is available, I would place particular emphasis on comparable units within the same condominium project, along with relevant competing listings, to determine how the property is positioned in the current market.

That analysis would help us develop an offer strategy based on the available market evidence rather than simply relying on the seller's asking price.

The increase in inventory provides buyers with more choices. There are currently 632 active listings represented in the most recent period, compared with 446 during the prior 7–12 months. However, buyers should not assume that a condominium they really want will necessarily remain available. The current absorption rate is 92 sales per month, and the median settled-property marketing time is approximately 71 days.

If an offer is accepted, I would also recommend that the buyer obtain an appropriate home inspection and carefully review the condominium association and available project documentation.

That due diligence should include, when applicable:

  • Current or pending special assessments

  • Condominium association budget

  • Reserve funding

  • Association insurance

  • Monthly condominium fees

  • Recent increases in association fees

  • Structural or milestone inspection information

  • Pending capital improvements

  • Association litigation

  • Other available information that could affect financing or ownership costs

A condominium purchase involves more than evaluating the individual unit. The condominium association and building itself can have a substantial impact on the buyer's ownership costs and ability to finance the property.

Tom the Realtor’s Perspective – Sellers

If I were representing a seller in the current Pompano Beach condominium market, my focus would be on preparation, pricing, presentation and exposure.

The first step would be understanding exactly where the seller's unit fits within its condominium project and the current market.

I would complete an extensive Comparative Market Analysis, concentrating on the most relevant recent sales and current competing listings. Whenever sufficient data is available, I would place particular emphasis on sales and listings within the same condominium project.

That analysis would be used to develop a competitive, market-supported list price.

Pricing is particularly important in the current environment because the number of active listings has increased substantially. Active inventory increased from 446 listings during the prior 7–12 months to 632 during the current three months.

Median comparable listing prices have also increased from $271,000 to $279,000 and most recently $290,000, while the current median comparable closed-sale price is approximately $265,000.

That does not mean every condominium should be listed at $265,000. Individual units can differ substantially based on the project, location, size, floor level, view, condition, updates, amenities and other characteristics.

It does mean that sellers need to understand their direct competition. With more inventory available, buyers have more alternatives if a property is not competitively positioned.

Preparing the Property Before Listing

I would also recommend that the seller consider obtaining a home inspection before the property is placed on the market.

The purpose is to identify potential issues before prospective buyers begin viewing the property and before a buyer's inspector discovers them after the property is under contract.

If repairs make sense, the seller may have an opportunity to address them before listing. If an item is not going to be repaired, we can understand the issue beforehand and determine how it should be appropriately addressed or disclosed to prospective buyers.

Knowing about potential issues in advance can help the seller make informed decisions and reduce surprises during the transaction.

Condominium Association Preparation

We would also want to understand what is happening with the condominium association and building before the property is marketed.

If there is a special assessment, we need to determine:

  • What was the assessment for?

  • What is the total amount?

  • How much has already been paid?

  • What balance remains?

  • What is the payment schedule?

  • Does the seller intend to pay the remaining balance before or at closing?

  • Are additional assessments anticipated?

We would also review available information concerning association finances, reserves, insurance, fees, building issues and other project-related matters that could become important to prospective buyers or their lenders.

Having this information organized before the listing reaches the market can help both the seller and prospective buyers better understand the property and project.

Marketing the Property

Once the property is prepared and the pricing strategy has been established, the next objective is maximum appropriate exposure to prospective buyers.

The property would be marketed through the MLS, Fulton Grace Realty, TomDunphySellsRealEstate.com, applicable third-party real estate websites and social media platforms.

Social media would be incorporated into the marketing strategy to provide additional exposure for the property. Depending on the individual listing, this could include property photographs, video content, listing announcements, property highlights and promotion of scheduled open houses.

Professional photography would be an important part of presenting the condominium to prospective buyers, and video marketing could also be incorporated when appropriate for the property.

If the condominium project permits them, I would also consider open houses as part of the marketing strategy.

Open houses provide another opportunity to expose the property to prospective buyers and allow them to experience not only the individual unit, but also the building and condominium community firsthand. Scheduled open houses can also be promoted through social media to generate additional exposure.

Presentation matters as well.

If the unit would benefit from physical staging, we could consider staging the property before photographs and showings. If traditional staging is not practical or the unit is vacant, AI-assisted virtual staging may provide another marketing option when appropriately disclosed.

The goal is to combine market-supported pricing, property preparation, professional presentation and broad marketing exposure so the condominium is positioned competitively from the beginning.

With a current median settled-property marketing time of approximately 71 days, appropriately positioned condominiums continue to transact within a reasonable period.

Appraiser’s Perspective

Thomas J. Dunphy III

Florida State-Certified Residential Real Estate Appraiser – RD8755 | APPRAIS

From an appraisal perspective, I would characterize the Pompano Beach non-HOPA condominium market as generally stable with mixed indicators.

The market has experienced an increase in settled sales and absorption.

The absorption rate increased from 76 sales per month during the prior 7–12 months to 83 sales per month during the prior 4–6 months and 92 sales per month during the current three-month period.

This indicates continued buyer activity.

However, absorption should not be analyzed independently of inventory.

During the same period, active listings increased from 446 to 480 and most recently 632, while months of housing supply increased from 5.87 months to 5.78 months and most recently 6.87 months.

Median comparable sale prices were $246,500 during the prior 7–12 months, $268,000 during the prior 4–6 months and $265,000 during the current three months. Based on the periods analyzed, median sale prices have remained generally stable.

Median comparable sales days on market also declined from 102 days to 76 days and most recently 71 days, indicating that properties continue to transact within a reasonable marketing period when appropriately positioned.

There are therefore competing indicators.

More condominium units are selling each month, but substantially more inventory is also available for buyers to choose from.

The increase in inventory has not resulted in a meaningful change in recent median closed-sale prices based on the periods analyzed.

For that reason, the overall market is best characterized as:

Generally stable, with increasing inventory and continued buyer activity.

For appraisal purposes, however, broad Pompano Beach statistics are only one component of market analysis.

An individual condominium project should be analyzed separately. Project location, unit size, floor level, view, condition, association fees, reserves, insurance, special assessments, building condition, amenities and direct competition within the project can all influence buyer reaction and the value of an individual unit.

The Bottom Line

For buyers, increasing inventory provides additional choices and an opportunity to compare properties and condominium projects. However, the absorption rate and current marketing times demonstrate that appropriately positioned properties are still selling.

For sellers, the increase in competing inventory makes preparation, pricing and marketing particularly important. Understanding the property before listing, addressing potential physical issues, organizing condominium-association information and exposing the property through multiple marketing channels can help position the unit effectively.

For both buyers and sellers, the individual condominium project needs to be analyzed separately. Broad market statistics tell us what is happening across Pompano Beach, but they do not determine the market position or value of an individual condominium.

Thinking About Buying or Selling a Pompano Beach Condominium?

Tom Dunphy Realtor | Fulton Grace Realty

Licensed Florida Real Estate Sales Associate
TomDunphySellsRealEstate.com

Whether you are buying or selling, I can help you analyze the individual condominium project, examine recent comparable sales and current competition, and develop a strategy based on the property and current market conditions.

Appraisal & Market Analysis Background

Thomas J. Dunphy III
Florida State-Certified Residential Real Estate Appraiser – RD8755
APPRAIS

Disclaimer

This market update is provided for general informational and educational purposes only. Market statistics represent aggregated market data and should not be interpreted as an appraisal, comparative market analysis, broker price opinion, guarantee of future market conditions or opinion of value for any specific property.

Individual condominium values and marketability can vary based on location, condominium project, unit size, condition, floor level, view, amenities, association fees, reserves, insurance, special assessments, building condition and numerous other property-specific characteristics.

Any appraisal services referenced in this article are separate from real estate brokerage services provided through Fulton Grace Realty. APPRAIS is associated with appraisal services and is not the real estate brokerage.

Buyers and sellers should conduct appropriate due diligence and consult qualified professionals regarding condominium association documents, inspections, insurance, assessments, financing, legal matters and other transaction-specific considerations.