Source: Florida Trend —
Home sales plummet in South Florida. Why do prices keep rising as housing market deflates?
Many prospective homebuyers sent a strong message at the start of 2023: they are done trying to buy homes in South Florida, as annual sales nosedived in January in Miami-Dade and Broward counties. For residents patiently waiting to buy a bigger house here or move to a different neighborhood for better quality of life, the regional housing slowdown after two years of rapid growth is expected to bring price relief later this year, real estate experts said. More from the Miami Herald and the South Florida Sun-Sentinel.
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