As real estate demand softens, South Florida condominiums are showing the weakest numbers, according to new data from the county Property Appraiser’s Office.
Real estate values on existing homes and commercial property grew about 7 percent countywide at the start of 2025, according to the June 1 report on taxable values across Miami-Dade. But when isolated only to existing condominiums, values dropped slightly from the start of 2024 a decline of less than 1 percent, according to officials.
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âIn a nutshell, the real estate market â after years of sometimes wild growth â appears to have stabilized,â a South Florida lawmaker said.