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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?
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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
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MLS
SINGLE FAMILY HOMES
(MIAMI-DADE, BROWARD AND PALM BEACH COUNTIES)
![](https://assets.isu.pub/document-structure/230222190217-35a4ca1fa91145b515e29a6332bbe572/v1/96e1c98f1d3006712f0b3d0dfee8f9c8.jpeg)
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CONDOS
(MIAMI-DADE, BROWARD AND PALM BEACH COUNTIES)
![](https://assets.isu.pub/document-structure/230222190217-35a4ca1fa91145b515e29a6332bbe572/v1/4e8f1c0cdc6d421cfa5a3f77e0c450e8.jpeg)
MLS
![](https://assets.isu.pub/document-structure/230222190217-35a4ca1fa91145b515e29a6332bbe572/v1/759c0e4bd0fe6fa38a884c162791efce.jpeg)
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OCEANFRONT, BAYFRONT & IN-LAND
![](https://assets.isu.pub/document-structure/230222190217-35a4ca1fa91145b515e29a6332bbe572/v1/e969f0c75afd92c95da4b7d069f9a294.jpeg)
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NEW CONSTRUCTION
![](https://assets.isu.pub/document-structure/230222190217-35a4ca1fa91145b515e29a6332bbe572/v1/dffe62d2f02e33ca8490d2e7dad7715f.jpeg)
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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
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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
![](https://assets.isu.pub/document-structure/230222190217-35a4ca1fa91145b515e29a6332bbe572/v1/f1b2d2cb100f0cd71c4ddfd43ef91ed0.jpeg)
FLORIDA
![](https://assets.isu.pub/document-structure/230222190217-35a4ca1fa91145b515e29a6332bbe572/v1/d23771116edb71da57f3ca06f5016336.jpeg)
1,217 PEOPLE PER DAY
TEXAS
![](https://assets.isu.pub/document-structure/230222190217-35a4ca1fa91145b515e29a6332bbe572/v1/dd10e8283a0e533587e2f0495658272b.jpeg)
1, 108
PEOPLE PER DAY
CALIFORNIA - 940 PEOPLE PER DAY
![](https://assets.isu.pub/document-structure/230222190217-35a4ca1fa91145b515e29a6332bbe572/v1/ef242389b5f19e016fc135a4eec73215.jpeg)
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NEW YORK -8 20 PEOPLE PER DAY CALIFORNIA - 940 PEOPLE PER DAY
![](https://assets.isu.pub/document-structure/230222190217-35a4ca1fa91145b515e29a6332bbe572/v1/6aae8069b0d4b010edf22afc4b195b04.jpeg)
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TAKEAWAYS
1.
SUPPLY SHOCK
2.
![](https://assets.isu.pub/document-structure/230222190217-35a4ca1fa91145b515e29a6332bbe572/v1/aff37ce5244eb10d1085721b6442dfbe.jpeg)
BUYER PROLE SHIFT
3.
MAYOR FRANCIS SUAREZ: APRIL
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