September & Quarter 3 Market Insights

We are happy to share the market insights and observations from the past month and Quarter 3, keeping you informed on the Real Estate market here in South Florida.

Quarter 3 Market Insights:

• 63% of all closed sales in Quarter 3 were single family homes

• 76% of all rentals in Quarter 3 were condos

• More single family homes have sold than condos in Q3

• More condos have been rented than houses in Q3

• More house sales than house rentals

• More condo rentals than condo sales

• 12x more condos available for rent than single family homes

• 4x more condo available for sale than single family homes

Singles Family Homes in the Month of September:

The chart above presents market insights specifically for single family homes in South Florida. In this chart, one can see the number of active homes available for sale and rent up until the end of September, the amount of closed sales/rentals within the past month, and the number of listings that changed to a pending status within the past month.

Condos in the Month of September:

The chart above presents market insights specifically for condos in South Florida. In this chart, one can see the number of active homes available for sale and rent up until the end of September, the amount of closed sales/rentals within the past month, and the number of listings that changed to a pending status within the past month.

We'd love to get a conversation going and hear your thoughts and personal observations about the market.