{"id":312049,"date":"2026-06-18T18:18:07","date_gmt":"2026-06-18T18:18:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/312049\/"},"modified":"2026-06-18T18:18:07","modified_gmt":"2026-06-18T18:18:07","slug":"home-sales-rise-in-south-florida-but-prices-vary","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/312049\/","title":{"rendered":"Home sales rise in South Florida, but prices vary"},"content":{"rendered":"

Condos are getting cheaper and single-family homes are getting more expensive in Miami-Dade County as total home sales increased for the ninth consecutive month.<\/p>\n

Sales rose by nearly 8% in May compared to the same time period last year. Single-family homes increased in sales by 10% and existing condos by 5%, according to data from the Miami Association of Realtors.<\/p>\n

The median sale price for single-family homes has increased by almost 1%, from $675,000 to $680,000. Condo prices have decreased by over 2% compared to last May, from $425,000 to $415,000.<\/p>\n

South Florida averages one sale of a $10 million home each day, and is the No. 1 ultra-luxury market in the U.S.<\/p>\n

While sales are going up, inventory is going down.<\/p>\n

Total listings in Miami-Dade are down nearly 12% from the previous year. Lower supply can raise prices in the county as demand continuously increases.<\/p>\n

Last month, the number of single-family homes available dropped by 19% year-over-year. The number of condos available dropped by nearly 9%, an improvement from the April year-over-year comparison<\/a>, but marking the fourth consecutive month of decreases since July 2023.<\/p>\n

The trend follows with a 21% decrease in the inventory of single-family homes. Supply is still outweighing the demand for condos in the county.<\/p>\n

Broward County<\/p>\n

Total home sales are on a three-month year-to-year rise in Broward County, with May increasing by just less than 1%. Single-family homes are up by 3%, and condos are down by 1.5%.<\/p>\n

Single-family home prices increased by nearly 1% year-over-year, from $625,000 to $630,000. Median condo sale price stayed flat at $275,000.<\/p>\n

Like in Miami-Dade, there are more prospective buyers than available single-family homes, but more condos on the market than there are buyers.<\/p>\n

Broward inventory has decreased for both single-family homes and condos. And active listings are down 18%.<\/p>\n","protected":false},"excerpt":{"rendered":"Condos are getting cheaper and single-family homes are getting more expensive in Miami-Dade County as total home sales…\n","protected":false},"author":2,"featured_media":312050,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[225,227,226],"class_list":["post-312049","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hialeah","tag-hialeah","tag-hialeah-headlines","tag-hialeah-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/312049","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=312049"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/312049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/312050"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=312049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=312049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=312049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}