The WPJ

Miami Beach

Florida Condo Prices Falling as Insurance and HOA Fees Skyrocket

Based on new data from national property broker Redfin, prices of condos in major Florida metros are dropping year-over-year in early 2024, as sales decline. New condo listings inventory is soaring as sellers try to offload their properties.

Greater Miami Area Home Sales Uptick in January, Condo Sales Dip

Miami Realtors are reporting this week that greater Miami-Dade County total home sales and total dollar volume rose year-over-year in January 2024, as South Florida real estate continues to outpace the nation even as mortgage rates return to the 7% range.

Falling U.S. Mortgage Rates Boost New Home Sales in December

According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in December 2023 in the U.S. increased 8.0% to a 664,000 seasonally adjusted annual rate from an upwardly revised reading in November 2023.

Greater Miami Area Home Prices Jump 15 Percent Annually in 2023

Based on new data from the Miami Association of Realtors, greater Miami area single-family home sales increased 1.3% year-over-year in December 2023, from 744 to 754.

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