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.
Miami Condo Inventory Report
This is a snapshot of the tricounty South Florida region Of Miami-Dade, Broward And Palm Beach.
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| South Florida | 25,314 | 11.4 |
| Miami-Dade County | 10,322 | 12.5 |
| Broward County | 9,049 | 11.5 |
| Palm Beach County | 6,083 | 10.1 |
Peter Zalewski is a former financial journalist, condo consultant, expert witness, licensed Florida real estate broker and the founder of the Miami Condo Investing Club™ (MiamiCondo.Club).
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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