Closed sales are up, inventory is down, and our team put 126 buyers and sellers under contract in Q1 alone. Here's what the numbers are telling us.
We just finished the first quarter of 2026 here in Southeast Florida, and the numbers are in. If you've been watching this market and wondering which direction things are heading, Q1 gave us some real answers.
Strong finish to 2025 set the tone. Coming out of December 2025, we really started to see our market ramp up more than it has in past years to end the year. All great signs pointing into the first quarter of this year. Everything's been up. The MLS has been up. The overall market's been up.
Closed sales up 5.5% across Southeast Florida. That's a strong number. Pending sales went up over 7%, which is exciting because pending sales are the leading indicator of where the market is heading.
"Our closed units in the first quarter went up 39% from Q1 last year, and we helped 126 buyers and sellers get under contract."
Our team has had a big start to the year. We've kind of crushed the market compared to the averages. Our closed units in the first quarter went up 39% from Q1 last year. On the pending side, we helped 126 buyers and sellers get under contract with their home in Q1 2026. That's over a 34% increase for us this year. It's probably been one of our best starts to a new year ever.
Days on market is the one number that went up. The last average across the MLS is 67 days. Ours usually runs about half that because of everything we do with marketing and our sole focus on getting homes sold and helping buyers. But across the broader market, homes are still taking a little longer than normal to sell.
Average and median home prices have ticked up slightly. That's good news for sellers and for homeowners building equity. Prices are moving in the right direction, even if gradually.
Active listings are down. There are fewer homes, townhomes, and condos for people to choose from in our market than there were this time last year. Now, comparing that to 2022, our inventory is still probably two and a half to three times the amount it was back then, which is likely why days on market continue to grow. But that number coming down is important.
A tight supply with steady demand typically drives higher sales value and can push prices up. We've already seen a bit of that.
New listings on the market are also down. That means fewer homes are coming to market, which further tightens supply. Less inventory and increasing demand usually help sellers.
Months of supply sit at eight months total. That includes houses, townhomes, and condos altogether. But the markets are different when you break them out. Single-family homes are sitting closer to about five months of inventory, which is a much healthier number.
Condos are still fairly high, around 10 to 11 months of inventory. So if you're a buyer looking at condos, you have more options and more room to negotiate. If you're looking at single-family homes, things are tighter.
That's a brief analysis of the first quarter here in 2026. If you want to know more about the market or more about your particular home, whether you're thinking about buying or selling, give us a call, email us, or text us anytime. We'd love to set up an appointment. Reach us at (561) 220-2052 or email info@tricoliteam.com. You can also visit tricoliteam.com for more. We look forward to hearing from you.