South Florida Vintage Condo Cliff Index™ Strengthens For 4th Straight Week
The Feb. 25, 2025, update to the Miami Condo Cliff Index™ shows that the South Florida market for Vintage condos that are at least 30 years old has strengthened every week for the last month.
Spurred on surging pending sales, the South Florida Vintage Condo Association Financial Cliff Index™ spiked by nearly six percent on a week-over-week basis as of Feb. 25, 2025.
This is the fourth-straight week that the South Florida Vintage Condo Cliff Index™ has strengthened for condos that are at least 30 years old.
Concurrently, the South Florida Condo Cliff Index™ that tracks Overall condos in the tricounty region of Miami-Dade, Broward and Palm Beach also increased, rising by more than five percent on a week-over-week basis.
This is the fifth straight week that the South Flordia Condo Cliff Index™ that tracks Overall condos has increased.
It is unclear if the sudden surge in the South Florida Condo Cliff Index™ is the beginning of a long-term trend or instead a short-lived “sugar high,” of sorts, resulting from the influx of visitors - many of which are prospective buyers - in town for the attractive weather, extensive events and carnival-like vibe at this time of year.
What is clear is that the each of the markets in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach has shown significant week-over-week improvements since Jan. 28, 2025, reversing the mixed results from the first three weeks of the year.