Editor’s note: SoFla luxury resi market finally slowing down

Inventory buildup and a strong dollar are cutting into prices and demand

Stuart Elliott The Real Deal
Stuart Elliott

From the South Florida Market Report: Well, it was bound to happen.

After using verbs like “soaring” and “booming” and “skyrocketing” to describe Miami’s luxury residential market for the past five years, momentum may be slowing. 

Sign Up for the undefined Newsletter

Fueled by a buildup of inventory and a strengthening U.S. dollar, which has driven away some foreign buyers, cracks in the armor are starting to appear. [more]