Published by Peter Zalewski
11/10/2024 
12:21:54 AM 
As South Florida prepares for the Winter Buying Season to ramp up, industry watchers are working to figure out where the condo market is headed after a dismal summer.
South Florida condo sales dropped by 22 percent during the Summer Buying Season of May through October 2024 to levels last seen in 2009 during the Great Recession.
Added to this, the sector is already reeling from the rapidly approaching 2025 Florida Condo Association Financial Cliff resulting from the Surfside condo collapse.
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
or Visit
Directions