Published by Peter Zalewski
8/30/2024 
2:10:39 AM 
This week’s Miami Condo Market Intelligence Report™ newsletter examines a new 40-page report that compares the 2024 operating budgets of 750 highrise condo associations in 15 markets around North America.
FirstService Residential, a property management firm that runs 9,000 associations with about 1.7 million units in the United States and Canada, published the “2024 High-Rise Edition” of the “Benchmark: The Guide To Residential Association Operating Costs And Budgets” report.
In producing the report, FirstService Residential crunched its internal numbers for the highrise towers that it manages.
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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