Real Estate News

Are condo prices and sales going up or down? See changing numbers in Miami and Broward

By Miami Herald Archives

Condo prices in South Florida continue to climb even as the number of deals are falling.

Here’s the breakdown for real estate prices and sales for November:

MORE: Condo prices are rising in South Florida even as deals decrease. Why that’s happening

Number of residential deals in South Florida

Aerial view of the Caribbean Breeze Condominium, bottom-center, on Monday, July 29, 2024, in Sunny Isles Beach. Some residents at the condominium pay over $800 a month in homeowners association fees, which has increased year after year.
Aerial view of the Caribbean Breeze Condominium, bottom-center, on Monday, July 29, 2024, in Sunny Isles Beach. Some residents at the condominium pay over $800 a month in homeowners association fees, which has increased year after year. MATIAS J. OCNER mocner@miamiherald.com

South Florida saw fewer deals in November compared to a year ago.

MIAMI-DADE

▪ 8% drop in the total number of deals, to 1,510. ▪

BROWARD

▪ 11.3% drop, to 1,623.

Condo deals

While single-family home sales grew in Miami-Dade, total condo sales fell by about 16%, to 794. Broward saw home sales fall for both houses and condos, but condos took the biggest hit with a nearly 19% drop, to 819.

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