South Florida Overall Condo Cliff Index™ Rises For 1st Time In A Month
The South Florida Condo Cliff Index™ ended the week of June 24, 2025, up 0.09 percent as pending sales and active listings improved nominally across Miami-Dade, Broward and Palm Beach counties.
For the first time in four weeks, the South Florida Overall condo market inched up marginally, reversing a three-week losing streak.
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This week’s South Florida Condo Cliff Index™ registered a nominal gain, improving by less than one percent on a week-over-week basis ending June 24, 2025.
Still, it was a move up for the first time since May 27, 2025, giving sellers of condos the tiniest glimmer of hope in what has otherwise been a dismal start to the 2025 Summer Buying Season.
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 were statistically flat - decreasing by about four pending deals - while active condo listings were also statistically unchanged, decreasing by more than 80 units from the previous week ending June 17, 2025.
As a result of the this week’s latest activity, the South Florida Condo Cliff Index™ - which aggregates conditions for condos in Miami-Dade, Broward and Palm Beach counties - inched up about 0.09 percent to 7.07 points on June 24, 2025.
By comparison, the Index stood at 7.06 points on June 17, 2025, 7.08 points on June 10, 2025, 7.14 points on June 3, 2025 and 7.18 points on May 27, 2025, according to the index.
The first reading of the South Florida Condo Cliff Index™ in the 2025 Summer Buying Season was 7.05 points on May 6, 2025.
This means the Index is effectively unchanged during the last couple of months.
It is worth nothing, the Index has been up six times and down six times in the last 12 weeks dating back to April 1, 2025.
On April 2, 2025, President Donald Trump introduced his new Liberation Day tariff strategy of imposing a minimum of 10-percent duties on all imports. The stock, bond and currency markets responded with significant volatility.
Prior to the recent activity, the South Florida Condo Cliff Index™ reached its highest level ever on March 18, 2025 when it hit 7.73 points. Conversely, the Index registered its lowest level of 6.63 points in the consecutive weeks of Jan. 14, 2025, and Jan. 21, 2025, respectively.
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 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 mixed on a county-by-county basis in South Florida for the week ending June 24, 2025.
Here are eight new charts - exclusively for members of the Miami Condo Investing Club™ - tracking Overall condos and Vintage condos that are at least 30 years old on a week-over-week basis in South Florida, Miami-Dade County, Broward County and Palm Beach County since being launched on Jan. 1, 2025.