South Florida Inventory Dashboard
Q3 2023
After some stabilization during summer, the inventory levels started to accumulate, while asking prices decreased by 10% from their peaks.
Soon, the inventories will be reaching levels from the beginning of the pandemic.
Miami Dade County
While still at record low, the number of single-family homes in Miami Dade County are starting to increase.
The average asking price is about $2.5 Million, while average price of a sold home is just above $1 Million.
Inventory of condo units for sale stays at record low levels in Miami Dade County.
The average asking price is about $1.25 Million, while average price of a sold condo is $583K.
Broward County
While still at record low, the number of single-family homes in Broward County is increasing as well.
The average asking price is about $1.4 Million, while average price of a sold home is $770K.
Inventory of condo units for sale is increasing fast in Broward County.
The average asking price is about $465K, while average price of a sold condo is $330K.
Palm Beach County
The number of single-family homes in Palm Beach County is increasing steadily from the summer minimum.
The average asking price is about $2 Million, while average price of a sold home is $785K.
Inventory of condo units for sale is increasing in Palm Beach County.
The average asking price is about $670K, while average price of a sold condo is $466K.
