Published by Peter Zalewski
12/7/2024 
9:56:47 PM 
This week’s Miami Condo Market Intelligence Report™ newsletter examines whether now is the right time to buy a South Florida condo or are today’s investors risking a possible “catching a falling knife” scenario.
After all, South Florida condo sales have slowed dramatically for the last 18 months and asking prices are starting to decrease, especially for older units facing increased costs resulting from Florida legislative changes made in the aftermath of the Surfside condo collapse.
This has some buyers thinking now is the time to start acquiring units.
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.
For a free consultation, please contact the South Florida Condo Experts
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