What does “months supply of inventory” mean?

Months supply is how long it would take to sell every home currently listed for sale if sales continued at the current monthly pace and nothing new came on the market. It is calculated by dividing active inventory by the recent average of closed sales. A common rule of thumb is that under about 4 months favors sellers, 4 to 6 months is roughly balanced, and over 6 months favors buyers. It is one indicator among several, and it describes Parkland as a whole rather than any one home.

What is the difference between the median and the average sale price?

The median sale price is the middle sale: half of the homes that closed sold for more and half for less. The average adds every sale price together and divides by the number of sales, so a few very high or very low sales can pull it up or down. For a sense of what a typical home sold for, the median is usually the steadier figure; the average shows how the high end moved. Both are listed for Parkland.

Where do these numbers come from?

From Florida Realtors® SunStats, the statewide statistics service built from closed sales reported to the MLS. The figures for August 2026 are compared with the same month a year earlier. They cover closed sales reported to the MLS, so private sales are not included, and figures may be revised as late-reported sales are added. The statistics are not financial, tax or legal advice.

Broward County · City report

Parkland housing market: August 2026

Closed sales, prices, time to contract and inventory for Parkland across all property types, compared with August 2025.

All property types

Median Sale Price: $1,167,500; up +15.7% vs. August 2025
Closed Sales: 60; up +15.4% vs. August 2025
Median Time to Contract: 23 Days; down -39.5% vs. August 2025
Months Supply of Inventory: 3.5; down -12.5% vs. August 2025

All property types

All property types: August 2026 compared with August 2025
Metric	August 2026	August 2025	Change
Closed Sales	60	52	up +15.4%
Cash Sales	16	11	up +45.5%
Cash Sales % of Closed	26.7%	21.2%	up +25.9%
Median Sale Price	$1,167,500	$1,008,750	up +15.7%
Average Sale Price	$1,322,748	$1,076,361	up +22.9%
Dollar Volume	$79.4 Million	$56.0 Million	up +41.8%
Median % of Original List Price	96.1%	95.3%	up +0.8%
Median Time to Contract	23 Days	38 Days	down -39.5%
Median Time to Sale	72 Days	95 Days	down -24.2%
New Pending Sales	56	34	up +64.7%
New Listings	62	40	up +55.0%
Pending Inventory	61	55	up +10.9%
Active Inventory	171	175	down -2.3%
Months Supply of Inventory	3.5	4.0	down -12.5%

In August 2026 the median sale price for homes of all types in Parkland was $1,167,500, up 15.7% from $1,008,750 in August 2025. 60 sales closed, 15.4% more than the 52 a year earlier, and 26.7% of them were cash sales.

The median time from listing to a signed contract was 23 days, shorter than the 38 days of August 2025. The typical home sold for 96.1% of its original list price (95.3% a year earlier).

There were 171 active listings at month end, 2.3% fewer than a year earlier, with 62 new listings during the month (up 55.0% from August 2025). At the current sales pace that is 3.5 months of supply, down from 4.0 a year earlier, below the 4-month mark that is usually read as a market that favors sellers.

Statistics describe the market as a whole; a specific home can differ. Talk to a licensed agent and a lender about your situation. These statistics are not financial, tax or legal advice.

Source: Florida Realtors® SunStats, based on MLS data. Statistics are for closed sales reported to the MLS and may be revised. Source: Florida Realtors® SunStats, August 2026.

Nearby in Broward County

About these numbers

What does “months supply of inventory” mean?: Months supply is how long it would take to sell every home currently listed for sale if sales continued at the current monthly pace and nothing new came on the market. It is calculated by dividing active inventory by the recent average of closed sales. A common rule of thumb is that under about 4 months favors sellers, 4 to 6 months is roughly balanced, and over 6 months favors buyers. It is one indicator among several, and it describes Parkland as a whole rather than any one home.
What is the difference between the median and the average sale price?: The median sale price is the middle sale: half of the homes that closed sold for more and half for less. The average adds every sale price together and divides by the number of sales, so a few very high or very low sales can pull it up or down. For a sense of what a typical home sold for, the median is usually the steadier figure; the average shows how the high end moved. Both are listed for Parkland.
Where do these numbers come from?: From Florida Realtors® SunStats, the statewide statistics service built from closed sales reported to the MLS. The figures for August 2026 are compared with the same month a year earlier. They cover closed sales reported to the MLS, so private sales are not included, and figures may be revised as late-reported sales are added. The statistics are not financial, tax or legal advice.

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