In Miami-Dade, Broward and Palm Beach counties, homes were on the market for an average 79 days, according to the August report.
The latest existing home sales figures for Miami-Dade and Broward counties will be released Thursday by the Miami Realtors Association. But brokerage company RE/MAX already has released a preview.
Across South Florida, condo and single-family home sales have dipped both month-to-month and over the past year.
Closed transactions dipped by 13.4% in August 2019 as compared with August 2018, and by 13.6% from July to August of this year, according to the August RE/MAX National Housing Report. The report encompasses Miami-Dade, Broward and Palm Beach counties.
But that may not necessarily be a bad thing.
