Reports  ›  July 2026
South Florida Real Estate · July 2026 · Issue No. 06

Condos built before 2009 lost
8.5 percent per square foot.

19,366 closed MLS transactions across Miami-Dade, Broward, and Palm Beach for July 2024, 2025, and 2026. Built for the people who buy, sell, and manage real estate at scale.

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Section Highlights

Three findings. One dividing line.

Condos built in 2009 or earlier lost 8.5 percent per square foot over two years. Buildings delivered from 2010 forward did not follow. The line the market drew does not match the line the condo statutes draw.

Older Condo Stock

Condos built in 2009 or earlier fell 8.5 percent per square foot.

Miami-Dade and Broward condos in that cohort closed at $265 per square foot in July, against $290 two years ago. The cohort carried 1,864 closings, which is 87 percent of condo volume across the two counties.

Newer Construction

Buildings delivered from 2010 forward did not follow the decline.

The post-2009 cohort closed at $496 per square foot, against $377 two years ago. The sample is 277 closings with wide dispersion, so the direction holds but no appreciation figure is published.

The Gap

The two cohorts are 36 points apart, and that gap is the reliable number.

The difference between them measures 36 points with a confidence interval of +8.1 to +54.0. It does not cross zero. Miami-Dade on its own returns 31.7 points and also clears significance.

Single-Family

Single-family gained in all three counties while condo time on market grew.

Miami-Dade SFR median reached $690,000, up 4.5 percent year over year, with Broward at $655,000 and Palm Beach at $706,000. Miami-Dade condo days on market reached 96, up 34 days over two years.

Market Pulse · July 2026

Key numbers at a glance.

MetricValue
Condo $/sqft, built 2009 or earlier · two-year change−8.5% ($290 to $265)
Miami-Dade SFR median sale price · July 2026$690,000 (+4.5% YoY)
Broward SFR median sale price · July 2026$655,000 (+5.1% YoY)
Broward condo price per square foot · July 2026$230 (−5.7% YoY)
Miami-Dade condo days on market · July 202696 days (was 61)
Broward SFR financed concession rate · July 202647.0% (was 32.8%)
Miami-Dade condo distressed share · July 20262.74% (was 0.85%)
The Full Report

The full report goes deeper.

Three narrative sections with charts. Seven standard metrics with three-year trend tables. Full appendix with closed-transaction data across all three counties, plus a method and limitations page.