South Florida Condo Listings Not Selling Even After Sitting On Market 7 Months
South Florida condo resales have been listed an average of 211 Days On Market (DOM) without transacting as buyers sit idle given current unit prices, maintenance fees and insurance rates.
As the first quarter of 2025 comes to a close, we are releasing our ranking of South Florida’s 10 most consequential condo markets.
During the last 12 weeks, we have conducted an in-depth analysis of various markets in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach counties.
Each week, we explored a different major condo market, gathering key statistics to gauge performance.
Now, we're combining these insights to rank each market across five critical categories:
And the “1% Rule” of real estate investing.
Each category ranking is scheduled be published this week in a separate report.
Our comprehensive rankings provide a snapshot of South Florida's condo market, highlighting the opportunities and pitfalls of each area.
For this particular report, we are ranking the South Florida areas based on the average number of Days On Market (DOM) that condos resales have been listed without transacting.
Industry watchers track the DOM category as it provides realtime insight into:
Market balance
Pricing Trends
Buyer and seller behavior
And development decisions.
For each market, we have analyzed two segments:
Overall condos, which encompasses every unit in an area;
And Vintage condos, which tracks units located in buildings that are at least 30 years old.
A vintage condo is not an industry designation but rather a term we began coining in August 2024 to identify older units that have existed for at least 30 years.
We hope the following charts behind the paywall will assist you to identify the most profitable condo markets in South Florida so that you can focus your efforts effectively.
-Peter Zalewski, Founder of the Miami Condo Investing Club™