A review of the Broward County condo statistics shows that less than 4,800 units traded between May and October of 2024. This is the fewest number of condo sales since the 2008 season.
The Broward County Summer Buying Season – stretching from May through October – is a quieter time for condo sales as visitors typically avoid the tricounty region of Miami-Dade, Broward and Palm Beach due to the humidity, hurricane warnings and lack of events. (Photo courtesy of Google Maps)
This was the worst Summer Buying Season for condo resales in Broward County since the symbolic start of the Great Recession in 2008, according to an analysis of statistics compiled by CondoVulturesRealty.com.
The Summer Buying Season traditionally extends from May through October when visitors and locals, alike, flee South Florida to avoid the humidity, hurricane warnings and limited number of events.
Even when factoring in the fewer number of tourists that typically visit South Florida during this time of year, this Summer Buying Season was dramatically slower for condo transactions compared to previous seasons.
We encourage you to listen or view our podcast wherever you get podcasts. The podcast is available on Apple, Spotify and/or YouTube.
If you are seeking information on condo resales in South Florida, please visit CondoVulturesRealty.com or call the office at 305.865.5859.
This information is provided for general informational purposes only, based on research, personal experience and interviews. It should not be considered legal advice, as we are not attorneys. While believed to be accurate and complete, this information is provided “as is” without warranty or guarantee of any kind.
Copyright © 2024 Condo Vultures®, LLC. All Rights Reserved.
2025 condo association cliff
2025 condo association financial cliff
2025 condo association financial crisis
broward
condo boom
condo bust
condo buyout
condo correction
condo corruption
condo special assessent
distressed condo
florida condo law
florida insurance crisis
florida office of insurance regulation
maintenance fees
miami condo investing club
miami condo market investing club
miami-dade
miami-dade county arrest warrant
november monthly meeting
palm beach
sirs
south florida
south florida summer buying season
south florida winter buying season
special assessment
structural integrity reserve study
summer buying season