South Florida Vintage Condo Cliff Index™ Drops Additional 1.3% Amid Slowing Sales
The South Florida Vintage Condo Cliff Index™ ended the week of May 27, 2025, down 1.28 percent on a week-over-week basis in the fourth week of the Summer Buying Season.
For the third time in the first four weeks of the 2025 Summer Buying Season, the South Florida Vintage condo market is showing signs of stalling further as investors sit on the sidelines and sellers grow anxious.
The South Florida Vintage Condo Cliff Index™ dropped for a second consecutive week, decreasing by an additional 1.28 percent for the week ending May 27, 2025.
Previously, the South Florida Vintage Condo Cliff Index™ was down 1.75 percent for the week ending May 20, 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 decreased by more than one percent - or about 21 pending deals - while active condo listings were statistically flat, falling by nearly 40 units for the week ending May 27, 2025.
As a result of the latest activity, the South Florida Vintage Condo Cliff Index™ - which aggregates conditions for condos at least 30 years old in Miami-Dade, Broward and Palm Beach counties - decreased to 7.05 points on May 27, 2025, compared to 7.14 points on May 20, 2025 and 7.27 points on May 13, 2025, according to the index.
The South Florida Vintage Condo Cliff Index™ launched on Jan. 1, 2025, at 6.87 points.
In the 21 weeks since launching, the South Florida Condo Cliff Index™ has been up 12 times and down nine times on a week-over-week basis.
To date, the index reached a high of 7.68 points on March 25, 2025, and a low of 6.55 points on both 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 27, 2025.