South Florida Vintage Condo Cliff Index™ Rises 2.4% As Pending Sales Accelerate
The South Florida Vintage Condo Cliff Index™ ended the week of May 13, 2025, up 2.4 percent as activity for condos at least 30 years old strengthened in the second week of the Summer Buying Season.
Fueled by an acceleration in pending sales of condos at least 30 years old, the South Florida Vintage Condo Cliff Index™ registered a week-over-week increase of more than two percent in the second week of the 2025 Summer Buying Season ending May 13, 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 increased by nearly three percent - or more than 35 pending deals - while active condo listings were flat, increasing by less than one percent - or about 42 units - from the previous week ending May 6, 2025.
As a result of the latest activity, the South Florida Vintage Condo Cliff Index™ - which aggregates conditions for condos that are at least 30 years old in Miami-Dade, Broward and Palm Beach counties - increased by about 2.4 percent to 7.27 points on May 13, 2025, compared to 7.10 points on May 6, 2025, according to the index.
The South Florida Vintage Condo Cliff Index™ launched on Jan. 1, 2025, at 6.87 points.
Since then, the South Florida Vintage Condo Cliff Index™ reached a high of 7.68 points on March 25, 2025, and a low of 6.55 points on Jan. 28, 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 Vintage condo results were mixed on a county-by-county basis in South Florida for the week ending May 13, 2025.