South Florida Condo Cliff Index™ Climbs 9% In Q1 2025, Fueled By Pending Sales
This is an analysis of the Q1 2025 Miami Condo Cliff Index™ that tracks active listings and pending sales on a weekly basis in the tricounty South Florida region Miami-Dade, Broward and Palm Beach.
1 Of 2 Part Series
As the busy 2024-25 Winter Buying Season comes to a close, we are examining the Q1 2025 results of the South Florida Condo Association Financial Cliff Investors Index™ to gain insights into current market conditions and form a base-case outlook for the tricounty region of Miami-Dade, Broward and Palm Beach.
Check Out The Interactive Line Charts And Supporting Statistics At The Bottom Of This Report Behind The Paywall.
Our new report that focuses exclusively on active listings and pending sales is designed to offers insights into the 2025 South Florida condo market trajectory.
The timing of the report is notable as it comes less than 30 days before South Florida enters the hot and humid days of the Summer Buying Season - which extends from May through October - that is characterized by fewer visitors, minimal marque events and increased risk of hurricanes.
Our Q1 2025 analysis of the South Florida Condo Cliff Index™ - which aggregates conditions in Miami-Dade, Broward and Palm Beach counties - found that the Overall market has been strengthening since the beginning of the year, growing by about 8.7 percent to 7.44 on April 1, 2025, compared to 6.85 points on Jan. 1, 2025.
It is a similar scenario for units in older buildings in the region.
The South Florida Vintage Condo Cliff Index™ - which tracks units in buildings that are at least 30 years old - rose by about 6.8 percent to 7.34 points on April 1, 2025, compared to 6.87 points on Jan. 1, 2025.
Unlike traditional condo sales statistics that lag weeks or months behind, the Miami Condo Cliff Index™ tracks weekly fluctuations in active listings and pending sales, providing a realtime snapshot of the South Florida condo market.
This approach offers a forward-looking perspective, previewing trends that will be reflected in upcoming quarterly statistics.
Higher values indicate a stronger market and lower values suggest a weaker market.