Trending: South Florida Vintage Condo Cliff Index™ Drops 3rd Straight Week
The South Florida Vintage Condo Cliff Index™ ended the week of June 3, 2025, down by 1.45 percent, suggesting the market for units at least 30 years old is rapidly softening.
If three is a trend, the outlook for South Florida’s Vintage condo market - units at least 30 years old - is flashing warning signs just one month into the the 2025 Summer Buying Season.
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For a third consecutive week, the South Florida Vintage Condo Cliff Index™ registered a drop of more than one percent on a week-over-week basis ending June 3, 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 about three percent - or more than 45 pending deals - while active condo listings also tumbled, falling by about two percent - or nearly 385 units - from the previous week ending May 27, 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 - decreased by about 1.45 percent to 6.95 points on June 3, 2025, compared to 7.05 points on May 27, 2025, and 7.14 points on May 20, 2025, according to the index.
In addition to falling three consecutive weeks, the South Florida Vintage Condo Cliff Index™ has been down four out of the last five weeks and seven times in a 10-week span dating back to April 1, 2025.
Prior to the recent unraveling, the South Florida Vintage Condo Cliff Index™ reached its highest level ever on March 25, 2025 when it hit 7.68 points. Conversely, the Index registered its lowest level of 6.55 points on Jan. 28, 2025.
The South Florida Vintage Condo Cliff Index™ launched on Jan. 1, 2025, at 6.87 points.
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 June 3, 2025.
Here are eight new charts - exclusively for members of the Miami Condo Investing Club™ - tracking Overall condos and Vintage condos that are at least 30 years old on a week-over-week basis in South Florida, Miami-Dade County, Broward County and Palm Beach County since being launched on Jan. 1, 2025.