Resi sales on the rise in Miami-Dade and Palm Beach, down in Broward in December

Single-family home sales lagged behind condos in all three counties

Fort Lauderdale Skyline (Credit: Wikimedia Commons, Max Pixel)
Fort Lauderdale Skyline (Credit: Wikimedia Commons, Max Pixel)

The notoriously slow month of December was good for home sales in Miami-Dade and Palm Beach counties, yet harder for Broward, according to the Florida Realtors.

While overall residential sales were positive in Miami-Dade and Palm Beach, the single-family home markets struggled in all three counties. Generally speaking, median prices continued to post increases.


Residential sales increased 2.9 percent in December thanks to a jump in condo sales. Condo sales rose 6.5 percent year-over-year last month to 1,154 closings, while single-family home sales were nearly flat. Home sales fell less than 1 percent to 1,065, a difference of only seven closings from the previous year.

Home prices continued their meteoric rise, increasing 9.1 percent to $332,850 for single-family homes and up nearly 12 percent to $235,000 for condos.


Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Residential sales dropped across the board in Broward County last month with a 5 percent decline to only 2,629 closings. Single-family home sales fell 8.8 percent to just under 1,300 closings while condo sales declined 1.2 percent to 1,338.

The median sale price of a single-family home increased 6.3 percent to $340,000 and was up 10.2 percent to $165,000 for a condo.

Palm Beach

In Palm Beach County, condo sales rose and single-family home sales slipped, similar to Miami. Overall, residential sales grew year-over-year by 1.5 percent to 2,462. Condo sales jumped 6 percent to 1,075 and home sales dipped 1.8 percent to 1,387.

The median price of a single-family home was $341,500 in December, up 8.4 percent from the previous year. For a condo, it increased only 1.5 percent to $166,000.

An earlier version of this story incorrectly identified the median price of a single-family home in Broward.