South Florida Condo Glut: Ranking Best, Worst Markets Based On Resale Supply
Industry watchers consider a healthy condo market to have six months of supply. More months of condo resale supply indicates a buyers market, and less months a sellers market.
As the first quarter of 2025 comes to a close, we are releasing our ranking of South Florida’s 10 most consequential condo markets.
During the last 12 weeks, we have conducted an in-depth analysis of various markets in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach counties.
Each week, we explored a different major condo market, gathering key statistics to gauge performance.
Now, we're combining these insights to rank each market across five critical categories:
And the “1% Rule” of real estate investing.
Each category ranking is scheduled be published this week in a separate report.
Our comprehensive rankings provide a snapshot of South Florida's condo market, highlighting the opportunities and pitfalls of each area.
For this particular report, we are ranking the South Florida markets based on the months of supply currently listed for resale.
Industry watchers consider six months of supply to be equilibrium. More months of supply suggests a buyers market and less months a sellers market.
For each market, we have analyzed two segments:
Overall condos, which encompasses every unit in an area;
And Vintage condos, which tracks units located in buildings that are at least 30 years old.
A vintage condo is not an industry designation but rather a term we began coining in August 2024 to identify older units that have existed for at least 30 years.
We hope the following charts behind the paywall will assist you to identify the most profitable condo markets in South Florida so that you can focus your efforts effectively.
-Peter Zalewski, Founder of the Miami Condo Investing Club™