condominium

South Florida's condo market cool-off continued in 2025 even as the number of sales increased as the year came to an end. Single family homes remained in strong demand.

The median price of a condo sold in Miami-Dade County hit its lowest level in three years in November. More units for sale across the region, falling prices and a drop in mortgage rates have helped revive the struggling condo market.

South Florida home prices generally held steady in 2025, but condo prices fell. The housing market has been showing signs of stabilizing as mortgage rates have been falling. What could 2026 have in store?

Average monthly fees for high-rise condo buildings in South Florida are the highest in the country outside of New York City, according to data from North America's largest property management firm. Higher insurance and labor costs are significant drivers, as is setting aside more money in reserves.

Cheaper borrowed money to buy a South Florida home and condo helped bring buyers into the market in October. The median Miami-Dade condo sold for the lowest price in more than two years.

Completion of a sewage lift station arose last month as the main obstacle behind the delayed opening of Nautilus 220, a $300 million waterfront condo building in Lake Park. Town commissioners are worried it could keep the building off the tax rolls for another year.

Home and condo sales show very early signs of recovery in September helped by a drop in mortgage rates and lower or, at least stable, prices. It’s too early to “definitively declare a shift in the overall trend,” but confidence by the state’s realtor group is rebounding.

It has been very profitable to own a South Florida home over the past 15-plus years. Long-term homeowners here are sitting on a mountain of profits, but if they sell, they also likely face a hefty tax bill. And that could be making the housing market more unaffordable for younger buyers.

Florida condominium owners saw their average home insurance rates jump by more than 50% in four years to almost $2,000. That far outpaced overall consumer inflation in South Florida — at a time the region had the highest inflation rate in the country.

Median condo prices in Broward and Palm Beach counties fell to their lowest level in several years in August. Single family home median prices were stable as fewer homes were on the market.

It is a buyer's market for homes and condos in South Florida, according to the regional realtors association. Plus: find your neighborhood's housing market by zip code.

A four-tower, 508-condominium development proposed in Riviera Beach is dramatic evidence the coastal real estate boom that city leaders long for may finally have arrived on Broadway.