South Florida Condo Cliff Index™ Falls Nearly 1% As Buying Activity Stalls
The South Florida Condo Cliff Index™ ended the week of May 20, 2025, down 0.62 percent on a week-over-week basis in the third week of the Summer Buying Season.
It is only a few weeks into the 2025 Summer Buying Season but the initial results suggest the South Florida condo market could be stalling as investors sit on the sidelines and real estate professionals grow anxious.
The South Florida Condo Cliff Index™ registered a week-over-week decrease of nearly one percent in the third week of the 2025 Summer Buying Season ending May 20, 2025.
The Summer Buying Season - which stretches from May through October - is traditionally a time of fewer out-of-town buyers visiting the tricounty South Florida region of Miami-Dade, Broward and Palm Beach due to the heat, humidity and hurricane concerns.
In the latest index results, buyer contracts decreased by nearly one percent - or about 15 pending deals - while active condo listings were statistically flat, falling by more than 30 units from the previous week ending May 13, 2025.
As a result of the latest activity, the South Florida Condo Cliff Index™ - which aggregates conditions for condos in Miami-Dade, Broward and Palm Beach counties - decreased by about 0.62 percent to 7.18 points on May 20, 2025, compared to 7.22 points on May 13, 2025, according to the index.
The South Florida Condo Cliff Index™ launched on Jan. 1, 2025, at 6.85 points.
In the 20 weeks since launching, the South Florida Condo Cliff Index™ has been up 12 times, down seven times and unchanged one time on a week-over-week basis.
To date, the index reached a high of 7.73 points on March 18, 2025, and a low of 6.63 points on both Jan. 14, 2025, and Jan. 21, 2025.
The index - officially known as the Miami Condo Association Financial Cliff Investors Index™ - is a proprietary benchmark that tracks weekly fluctuations in active listings and pending sales, providing a timely snapshot of 23 condo markets in South Florida.
Higher values signal a stronger market and lower values indicate a weaker market.
Buyers should focus their attention on weaker markets to achieve deeper discounts while unit owners should only sell in stronger market to maximize sales pricing.
The Overall condo results were down on a county-by-county basis in South Florida for the week ending May 20, 2025.