Highlights:
📍 Broward County
Townhouse/condo sales dropped 15%, while inventory surged 30.7%. The supply of condos rose to 12.3 months — a 55.7% jump — signaling greater options and bargaining power for buyers.
🌴 Palm Beach County
Single-family home sales dipped 6.5%, but active listings rose 21.1%. Buyers now face a more balanced market with increased inventory and slower contract timelines.
🌆 Miami-Dade County
Condo inventory skyrocketed 36.1% year-over-year, while closed sales dropped 12.9%. Months of supply climbed to 14.1 — a clear shift toward a buyer-friendly environment.
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Navigating today’s market requires a savvy strategy. With condo inventory rising in both Broward and Miami-Dade, and homes sitting longer across South Florida, now may be the time to find hidden opportunities before the competition catches on. Contact Jason Taub to discuss your next move 📲
Source: Beaches MLS
