Published by Peter Zalewski
11/23/2024 
10:33:23 PM 
This week’s Miami Condo Market Intelligence Report™ newsletter examines a dramatic slowdown in the Broward County condo market during the recently completed 2024 Summer Buying Season.
The Summer Buying Season traditionally extends from May through October when visitors and locals, alike, flee the tricounty South Florida region of Miami-Dade, Broward and Palm Beach to avoid the humidity, hurricane warnings and limited number of events.
As the busier Winter Buying Season – which extends from November through April – begins to ramp up for the hordes of tourists expected to visit, there are lessons to be learned from the summer condo market trends for buyers, sellers and real estate professionals, alike, in South Florida.
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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