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.
