Published by Peter Zalewski
10/27/2024 
8:07:43 PM 
Spurred on by a new UBS report, veteran journalist Joe Gorchow of CBS News in Miami examined the future of condo prices in South Florida.
During the nearly four-minute report, Gorchow interviewed a seller, a real estate agent and expert Peter Zalewski of the Miami Condo Market Investing Club™ to discuss the UBS claim that the market “most at risk for a bubble burst” is Miami due to a number of factors.
“The report cites laws enacted following the Champlain Towers South collapse in Surfside, as well as, rising insurance costs and lower mortgage rates, which have led to an increase in condos hitting the market,” according to the report.
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.
Confused about whether it is the appropriate time to buy or sell a condo in South Florida? The experts at CVR Realty are here to assist you in crafting a strategy during this uncertain time. Unlike many brokers offering services, our organization has been through the cycles and can assist you to capitalize on the situation.
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