Miami-Dade Condo Sales Nosedive 18% In 2024 Summer Buying Season

A review of the Miami-Dade County condo statistics shows about 5,085 units traded between May and October of 2024. This is the fewest condo sales since the 2009 season during the Great Recession.

The Miami-Dade 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 CVRRealty.com)

This was the worst Miami-Dade County Summer Buying Season for condo resales in Miami-Dade County since the Great Recession, 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.

As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.

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.