Published by Peter Zalewski
4/10/2024 
9:08:14 PM 
The Downtown Fort Lauderdale and Beach condo market is in a buyers market with more than 14 months of supply currently listed for sale in the final month of the South Florida Winter Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.
The Downtown Fort Lauderdale and Beach market is defined for this report as Oakland Park Boulevard south to State Road 84/Stranahan River, and the Atlantic Ocean west to Interstate 95.
In the 12 months of 2023, buyers purchased an average of nearly 18 luxury units per month for a total of about 211 units between January and December.
Based on the current active listings in the Multiple Listing Service – a database used by Realtors to market condos – the Downtown Fort Lauderdale and Beach area is in a buyers market with a supply of more than 250 luxury units available for purchase.
We have crunched the statistics for the Year 2023 and plan on publishing a series of reports during this week on CondoVultures.com looking at the winners and losers in the Downtown Fort Lauderdale and Beach market in Central Broward County.
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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com
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Condo Market Inventory Tracker
A Snapshot Of Tricounty South Florida Region Of Miami-Dade, Broward And Palm Beach
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 24,016 | 10.2 |
| Luxury Condos | 3,740 | 15.1 |
| Shortsales | 30 | 15.0 |
| REOs | 126 | 6.6 |
| Rentals | 21,476 | 3.9 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
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