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Analyst Predicts Miami Area Condo Prices Will Drop Nearly 40% (FL)

/ Owner - January 21, 2025

Major real estate shifts are occurring in South Florida. South Florida Agent Magazine revealed that Miami area home sales slid year-over-year to close 2024, and real estate analyst Peter Zalewski told the South Florida Business Journal earlier this week that condo prices in eastern South Florida are expected to revert to pre-2020 levels. Zalewski suggests a potential drop of up to 38% over the next few years, decreasing from $379 per square foot in late 2024 to about $231 per square foot in 2019.    Read the article…………………………….

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