South Florida Condo Sales Rose in December 2025, but Prices Slipped and Inventory Points to a Buyer's Market

The latest South Florida housing figures carry mixed news for condominium owners. According to December 2025 statistics released on January 16, 2026, by the MIAMI Association of Realtors, existing condo sales rose year over year in both Miami-Dade and Broward counties ¹². At the same time, median condo prices fell, condos took longer to sell, and the supply of listings remained high enough to signal a buyer’s market ¹². For owners already stretched by rising association fees or special assessments, those details matter more than the headline sales count.

What the December numbers show

In Miami-Dade, existing condo sales increased 7.91% from December 2024, from 935 to 1,009 closings, and condo sales have risen year over year in three of the last four months ¹. The median price of an existing Miami-Dade condo, however, fell 2.33%, from $430,000 to $420,000 ¹.

Broward showed a sharper price drop. Existing condo sales there rose 5.24%, from 936 to 985, but the median condo price fell 9.27%, from $283,250 to $257,000 ². Broward condo dollar volume fell 2.92% to $345 million ².

Inventory is the number to watch. Miami-Dade condo listings rose 6.74% year over year to 12,015, which equals 13.2 months of supply ¹. Broward condo listings rose 2.39% to 10,484, or 11 months of supply ². The association describes six to nine months as a balanced market, so both counties were in buyer’s market territory for existing condos ¹². By contrast, Miami-Dade single-family homes had 6.2 months of supply, and Broward single-family homes had 4.8 months ¹².

Condos also took longer to sell. In Miami-Dade, the median time from listing to contract for condos rose to 72 days from 58, and the median time to sale rose to 109 days from 96 ¹. Sellers received a median of 93% of the original list price for existing Miami-Dade condos and 92% in Broward ¹².

Financing limits remain a drag

The association pointed to financing as a factor holding the condo market back. Drawing on U.S. Department of Housing and Urban Development figures, the report said a mere 21 buildings in the three-county region of Miami-Dade, Broward and Palm Beach had Federal Housing Administration loan approval, against a total of 2,397 condo buildings ¹. The report also noted that Florida requires a 25% down payment for a limited review when a condo building lacks sufficient reserves, compared with 10% elsewhere ¹. Cash buyers accounted for 50.9% of Miami-Dade existing condo sales and 55.2% in Broward ¹².

When fewer buyers can finance a purchase, sellers have less leverage. That can make it harder for an owner to sell quickly at a price that covers a mortgage, unpaid assessments and closing costs.

What this means for owners under financial pressure

Many South Florida condo owners have faced higher monthly fees and special assessments in recent years. A softer resale market can narrow the options for an owner who falls behind. Selling may still be the right move, but the December data suggest it may take longer and bring less than expected, particularly in Broward, where the median price fell by more than 9% in a year ².

Owners in this position should keep a few points in mind:

• Delinquent assessments grow. Late charges, interest and collection costs can add up while a unit sits on the market.
• Equity can shrink. A lower sale price leaves less room to pay the mortgage, the association and any other liens at closing.
• Timing matters. Decisions made before a lien foreclosure is filed usually leave more options than decisions made after.

Bankruptcy is not the answer for every owner, but it is one legal tool that can pause collection activity and, in Chapter 13, allow a homeowner to catch up on past-due amounts over time. Whether it makes sense depends on the owner’s income, equity and other debts.

South Florida condo owners worried about assessments, association liens or mortgage arrears can request a confidential consultation with The Roca Law Firm, in English or Spanish.