South Florida Vintage Condo Cliff Index™ Falls Nearly 5% At End Of Winter Season
The latest Miami Vintage Condo Cliff Index™ released on April 10, 2025, shows a notable drop in the tricounty South Florida region Miami-Dade, Broward and Palm Beach.
As the tourist-rich 2024-25 Winter Buying Season comes to a close, the tricounty region experienced a sizable decrease in the South Florida Vintage Condo Cliff Index™, suggesting weakening market conditions for older units across Miami-Dade, Broward and Palm Beach counties.
The drop comes just three weeks before South Florida enters the hot and humid days of the Summer Buying Season - which extends from May through October - that is characterized by fewer visitors, minimal marque events and increased risk of hurricanes.
As a result, the South Florida Vintage Condo Cliff Index™ - which aggregates conditions for units in buildings at least 30 years old and located in Miami-Dade, Broward and Palm Beach counties - tumbled by about 4.76 percent to 6.99 points as of April 10, 2025, according to the Miami Condo Association Financial Cliff Index™.
South Florida now has more than 20,100 Vintage units listed for resale. Vintage units represent about 70 percent of the Overall condos currently listed for resale in South Florida.