South Florida Condo Cliff Index™ Tumbles 4.24% At Start Of Summer Buying Season
The South Florida Condo Cliff Index™ released on May 6, 2025, shows more than a 4% drop in the first week of the 2025 Summer Buying Season.
The South Florida Condo Cliff Investors Index™ began the first week of the 2025 Summer Buying Season by dropping by more than four percent for the week ending on May 6, 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 dropped by more than five percent - or more than 115 pending deals while active condo listings also declined, falling by about one percent - or nearly 380 units - from the previous week ending April 29, 2025.
As a result of the drops, the South Florida Condo Cliff Index™ - which aggregates conditions in Miami-Dade, Broward and Palm Beach counties - tumbled by about 4.24 percent to 7.05 points on a week-over-week basis ending May 6, 2025, according to index
Back on March 18, 2025, the South Florida Condo Cliff Index™ reached a high of 7.73 points.
The South Florida Condo Cliff Index™ launched on Jan. 1, 2025, at 6.85 points.
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 the South Florida condo market.
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 situation was mixed on an individual county-by-county basis in South Florida.