{"id":120730,"date":"2026-01-16T16:26:47","date_gmt":"2026-01-16T16:26:47","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/120730\/"},"modified":"2026-01-16T16:26:47","modified_gmt":"2026-01-16T16:26:47","slug":"condo-sales-rebound-across-south-florida-real-estate","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/120730\/","title":{"rendered":"Condo sales rebound across South Florida | Real Estate"},"content":{"rendered":"

Lower mortgage rates, affordability, and renewed demand for older units are helping drive sales activity, according to new market data<\/p>\n

Condo sales appear to be regaining momentum across Miami-Dade County and South Florida, a trend that is also reflected in Key Biscayne\u2019s market, where inventory remains limited and demand steady despite high prices.<\/p>\n

The range across Miami-Dade County and throughout South Florida includes affordable, luxury and even older units.<\/p>\n

According to a report from Realtor.com<\/a>, older condos (those more than 30 years old) are moving faster than newer condos: 66 days versus 81 days. New inspection regulations and the condo boards’ ability to finance reserve funds might be behind that surge but lower interest rates also might be helping.<\/p>\n

As 2025 came to a close, the average rate on 30-year fixed home loans decreased to 6.18% for the week ending Dec. 24. Rates averaged 6.85% during the same period in 2024.<\/p>\n

Overall, the Miami-Dade condo market has seen existing-unit sales down 3.78% (from 794 to 764) from November 2024.<\/p>\n

\"featured<\/p>\n

A view of part of the Miami skyline.<\/p>\n

fstockfoto \/ Getty Images Pro<\/p>\n

Sales of units priced between $200,000 and $400,000 were up an astonishing 21% (from 135 to 165) compared to November 2023, according to statistics released by the Miami Association of Realtors<\/a> and the Miami Southeast Florida Multiple Listing Service.<\/p>\n

Luxury condos ($1 million-plus transactions) increased 13.2% year over a year in November 2025, from 272 to 308. However, the increase in sales hasn’t been as much as condos priced between $200,000 and $400,000.<\/p>\n

As far as the price structure, Miami condo prices have risen 94.6% from November 2015 to November 2025, from $203,000 to $395,000, according to Miami Realtors<\/a>.<\/p>\n

That report noted that while Miami existing condo median prices decreased 9.48% year-over-year in November 2025, from $436,354 to $395,000, the price appreciation remains among the highest in the nation.<\/p>\n

Key Biscayne also had its share of condos available in December, according to Key Biscayne Homes’ market report<\/a>.<\/p>\n

There were 102 condo units on the market at an average listing price of $2,406,325 ($1,294 per square foot) and 126 condos for rent with an average listing price of $9.826 ($6 per square foot).<\/p>\n

Over the past 12 months, the 148 condos sold came in at an average purchase price of $1,826,519 ($1,051 per square foot) with an average of 98 days on the market.<\/p>\n

Location, value and affordability are the primary reasons for the sales surge in a market where available land is limited, said Eddie Blanco, Chairman of the Board for the Miami Association of Realtors.<\/p>\n

“Condos have always been South Florida\u2019s entry point for first-time home buyers,” he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Lower mortgage rates, affordability, and renewed demand for older units are helping drive sales activity, according to new…\n","protected":false},"author":2,"featured_media":120731,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[41897,60509,17549,225,227,226,10692,126,123,17567,807],"class_list":["post-120730","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hialeah","tag-condo","tag-condo-sales","tag-condominium","tag-hialeah","tag-hialeah-headlines","tag-hialeah-news","tag-home-sales","tag-key-biscayne","tag-miami","tag-real-estate-market","tag-south-florida"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/120730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=120730"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/120730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/120731"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=120730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=120730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=120730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}