Coral Springs home values fall nearly five percent as the housing market shifts in favor of buyers for the first time in years
Coral Springs, Florida – The Coral Springs housing market is showing clear signs of cooling as 2026 begins, offering a rare opportunity for buyers while forcing sellers to recalibrate their expectations. According to recent data from Zillow and other industry reports, the typical home value in Coral Springs has dropped to approximately $514,873, marking a 4.8% decline over the past year. After several years of record-breaking demand and bidding wars, the market is shifting toward buyers, creating a more balanced environment that is redefining real estate dynamics across the city.
For much of the past decade, Coral Springs was a quintessential seller’s market. Homes often received multiple offers within days, and properties could go under contract in less than two weeks. That trend has reversed in recent months, with the median number of days a home sits on the market now ranging from 51 to 83, depending on the neighborhood and property type. “The landscape has changed dramatically,” said a local real estate analyst. “Sellers who were used to immediate offers need to adjust expectations, and buyers are finally finding the leverage they’ve been waiting for.”
A combination of factors is driving the shift. First, inventory has surged as more homeowners list their properties, and new construction across Broward County provides additional options. The increase in available homes has given buyers more choice, reducing the urgency that once fueled bidding wars. Second, ongoing challenges with property insurance and taxes in Florida are influencing buyer behavior. Rising premiums—some doubling or tripling in recent years—are affecting how much buyers can borrow, making affordability a key consideration in the decision-making process. Finally, mortgage rates, while slowly declining toward the high 5% range, remain elevated enough to keep some potential buyers on the sidelines, contributing to the market slowdown.
Not all sectors are experiencing the same level of adjustment. Single-family homes have seen moderate price declines, reflecting the overall market trend. Condominiums, however, have been hit harder, with values dropping by 7% to 11% year over year. Luxury neighborhoods such as Eagle Trace and Wyndham Lakes are also adjusting, though high-demand areas continue to maintain higher price floors. Even so, more frequent price reductions are becoming common as inventory builds, signaling that the market is broadly trending toward buyers across property types and price ranges.
Experts suggest that the next 12 months may present one of the best opportunities in years for buyers seeking a home with less competition and more room for contingencies. “For anyone looking to buy, this is the moment to act,” noted a Coral Springs real estate agent. “Homes are staying on the market longer, inspections are easier to negotiate, and buyers can finally take their time without the pressure of a bidding war.”
For sellers, the message is clear: pricing strategy has become critical. Homes still listed at peak 2022 prices are likely to languish, while those that reflect the current 2026 market are attracting attention and offers. Real estate professionals are advising homeowners to be realistic about their property’s value and to consider incentives or flexible terms to entice buyers in a more competitive landscape.
The shift in Coral Springs reflects broader trends seen across South Florida, where previously overheated markets are cooling under the combined effects of rising inventory, property costs, and interest rates. While the adjustment may feel uncomfortable for sellers, analysts emphasize that the market is stabilizing, which can benefit the long-term health of the housing sector by aligning prices with current demand and making homeownership more accessible.
In summary, Coral Springs is entering a transitional phase that offers buyers leverage and flexibility, while requiring sellers to recalibrate their strategies. With home values down nearly 5% and sales timelines extending, the market is evolving from one of intense competition to one where careful pricing, negotiation, and informed decisions are more important than ever. As the year unfolds, both buyers and sellers will need to navigate this new reality thoughtfully, balancing opportunity and patience to achieve their real estate goals.
