Highlights:
🏡 Broward County
Closed sales declined across both single-family homes and condos, while inventory surged by more than 30%. Homes are taking over 40% longer to go under contract, signaling a clear shift toward a buyer’s market.
🌴 Palm Beach County
Single-family homes held steady with nearly flat sales and rising inventory, but condos faced a steep 12% sales drop and longer contract times. Buyers now have significantly more leverage with inventory up double digits.
🌇 Miami-Dade County
Sales saw the sharpest decline, with single-family closings down nearly 15% and condos down over 17%. Months of inventory jumped by 50%+ across the board, underscoring a major cooling trend and increasing buyer negotiation power.
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The South Florida market is shifting with higher inventory, slower sales, and extended days to contract – creating prime opportunities for buyers. If you’re considering buying or selling in today’s market, reach out to Jason Taub to navigate these changes strategically. 📲
Source: Beaches MLS
