Highlights:
đź“Ť Broward County
Buyer activity continues to cool as closed sales fell across the board—single-family home sales dropped 11.1% and townhome/condo sales dipped 24.0%. However, inventory surged, especially for condos, with months of supply up 64.5%, giving buyers more choices.
🌴 Palm Beach County
The market remains more balanced compared to its neighbors. While sales declined modestly, single-family home prices held relatively steady at $640K. Inventory and days on market rose, signaling a slower-paced but stable environment.
🌆 Miami-Dade County
Condo inventory spiked 62.8%, but demand lagged behind—condo sales dropped 25.1%, and homes sat on the market longer. Sellers received less of their asking price, highlighting shifting leverage toward buyers.
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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
