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Real Estate Market in South Florida Tilts in Favor of Buyers

Real Estate Market in South Florida Tilts in Favor of Buyers

The South Florida real estate market, particularly in Miami-Dade and Broward counties, is shifting towards a buyer's market due to increased inventory levels. Miami-Dade's inventory reached 10.6 months, while Broward's is at 9.2 months, indicating better conditions for buyers. Despite this, condominium prices are rising, with median prices at $415,000 in Miami-Dade and $280,000 in Broward. Demand is driven by luxury properties and newer buildings, while high insurance costs and weather-related challenges continue to impact the market.

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From private listings to strategic negotiations, Kelby Contreras offers an elevated, client-focused approach to luxury real estate in Miami. With a keen eye for detail and a passion for excellence, he ensures that every property search, sale, or investment is handled with precision, discretion, and sophistication.

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