{"id":260279,"date":"2026-05-06T07:13:39","date_gmt":"2026-05-06T07:13:39","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/260279\/"},"modified":"2026-05-06T07:13:39","modified_gmt":"2026-05-06T07:13:39","slug":"condo-resales-up-2-9-prices-ticking-back-up","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/260279\/","title":{"rendered":"Condo resales up 2.9%, prices ticking back up"},"content":{"rendered":"

\"www.miamitodaynews.com\"\/<\/a><\/p>\n

Advertisement\t\t\t\t\t\t<\/p>\n

Written by Kelly Sanchez<\/a> on May 6, 2026<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Condo<\/p>\n

The condo resale market in Miami-Dade is seeing an upswing, with sales and sales prices on the rise, according to Miami Association of Realtors Residential Board Governor Wesley Ulloa.<\/p>\n

Condo sales, she explained, increased 2.9% year-over-year for the beginning of 2026 and sales prices are slightly increasing, \u201cwhich is a very promising sign.\u201d<\/p>\n

\u201cSo, specifically this year, overall market is definitely on the upswing,\u201d Ms. Ulloa said. \u201cSo we have had a few years in the past of depressed demand with everything that happened post-Surfside, but now the market is stabilizing and beginning a nice rebound.\u201d<\/p>\n

She noted that condo prices increased 1.73% year-over-year in March from $437,450 to $445,000, and inventory is slightly declining.<\/p>\n

\u201cThe entry-level starter condos are doing very well; you\u2019re seeing a big resurgence in demand,\u201d Ms. Ulloa said. \u201cHome prices continue to go up for single-family homes, so that entry-level buyer is coming into the condo and townhouse market. So that segment is doing very well from the $300,000 to $600,000 range.\u201d<\/p>\n

She added that the luxury market is also doing well, with people from other parts of the nation like California and Chicago relocating.<\/p>\n

\u201cIn the short run, I think it\u2019s going to be very stable with slight increases, as I just discussed, as more condo buildings get their financials in order \u2026 and work through any issues they might have had over the past three to four years,\u201d Ms. Ulloa said. \u201cCondos represent a great opportunity for people to come in and buy today at lower values that, for the past couple years, they\u2019ve had a little bit of trouble, and now it\u2019s hitting that turning point, which is a great investment opportunity for people to come in and see potential large upswings, because the single-family market is so tight.\u201d<\/p>\n

The number of cash sales, she said, also helps stabilize the market.<\/p>\n

\u201cOur condo market, while it\u2019s had some trouble over the past few years, it\u2019s definitely doing quite well, and I will add that since we\u2019re such a cash-heavy market compared to other markets, we\u2019re quite immune to interest rate changes, which helps stabilize our market even further,\u201d Ms. Ulloa said. \u201c42.8% of our sales in Miami are cash and 82% of our sales $1 million and up are cash, so we\u2019re very well-positioned and [have] lots of demand overall.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Advertisement Written by Kelly Sanchez on May 6, 2026 The condo resale market in Miami-Dade is seeing an…\n","protected":false},"author":2,"featured_media":24800,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[123,125,124],"class_list":["post-260279","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/260279","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=260279"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/260279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/24800"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=260279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=260279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=260279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}