HEADLINES
- JANUARY 2023
WHAT HAPPENED TO THE HOMEBUYING RUSH? SOUTH FLORIDA'S HOME SALES PLUNGED IN 2022
- DECEMBER 2022
SOUTH FLORIDA HOME SALES DROP MORE THAN ONE-THIRD IN NOVEMBER
- DECEMBER 2022
IS THE REAL ESTATE MARKET SLOWING DOWN?
TOTAL ACTIVE SINGLE FAMILY HOMES & CONDO LISTINGS IN MIAMI-DADE, BROWARD AND PALM BEACH COUNTIES
JAN-19 JAN-20 JAN-21 JAN-22 JAN-23
MLS
SOURCE:
TOTAL ACTIVE LISTINGS 42,305 45,022 29,443 14,643 22,928
MLS
SINGLE FAMILY HOMES
(MIAMI-DADE, BROWARD AND PALM BEACH COUNTIES)
CONDOS
(MIAMI-DADE, BROWARD AND PALM BEACH COUNTIES)
MLS
OCEANFRONT, BAYFRONT & IN-LAND
NEW CONSTRUCTION
44 CONDOS TOTALING 6,621 RESIDENCES SUNNY ISLES BEACH AVENTURA TRADITIONAL CONDOS (NO DAILY RENTALS) COCONUT GROVE - FORT LAUDERDALE - EAST OF I-95 1 2 2 2 6 1 8 HALLANDALE BEACH MIAMI BEACH / SOUTH BEACH COCONUT GROVE BRICKELL DOWNTOWN MIAMI BISCAYNE CORRIDOR DESIGN DISTRICT MIDTOWN NORTH BAY VILLAGE BAY HARBOR ISLANDS NORTH MIAMI BEACH FORT LAUDERDALE 1 1 SURFSIDE BAL HARBOUR 5 2 5 2 4
20 YEAR CONDO DELIVERY ANALYSIS FOR TRADITIONAL
2001 - 2010 275 # OF BUILDINGS PREVIOUS CYCLE LAST CYCLE CURRENT CYCLE 2012 - 2020 123 58,953 19,465 2021+ 44 6,621
DEMAND
FLORIDA
1,217 PEOPLE PER DAY
TEXAS
1, 108
PEOPLE PER DAY
CALIFORNIA - 940 PEOPLE PER DAY
NEW YORK -8 20 PEOPLE PER DAY CALIFORNIA - 940 PEOPLE PER DAY
TAKEAWAYS
1.
SUPPLY SHOCK
2.
BUYER PROLE SHIFT
3.
MAYOR FRANCIS SUAREZ: APRIL