South Florida’s single-family home sales for November showed clear year-over-year improvement, but Miami-Dade County continues to fall behind.
The latest Elliman Report, released last week, highlights strong property sales in Palm Beach and Broward counties. Both markets recorded solid increases in signed single-family home contracts, with Broward leading the surge.
Broward closed 387 home sales in November — a 98.5% jump from the 195 homes sold in November 2024. Despite the strong annual gain, monthly numbers slipped slightly. In October, Broward recorded 466 sales, an 18.52% decrease month over month.
“All property types showed a combined annual gain in new signed contracts for the third time this year, with outsized annual increases observed in both homes and condominiums,” Elliman analysts wrote. “New listings across all property types combined have increased annually at a rising rate for the past three months. The number of new contracts signed above the $1 million threshold has shown annual growth for the sixth time in seven months.”
Palm Beach County also posted an annual uptick, though the increase was smaller than Broward’s. The county reported 321 single-family contracts in November, a 27.9% climb from the 251 closings recorded a year earlier. Monthly sales dipped, though, with November’s activity down 7.49% from October’s 347 closings.
Miami-Dade continues to face challenges. The county logged 406 home sales in November, down 30.6% from the 585 closings in November 2024. Monthly sales also fell, dropping 16.63% from October’s 487 transactions.
Condominium sales — sluggish across South Florida for much of the year — finally showed signs of life. Broward recorded 354 condo closings in November, a 41.6% jump from last year. Palm Beach followed with 309 condo sales, up 33.2% year over year. Miami-Dade, however, remained the only county with a decline, matching its single-family trend with a 30.6% drop from November 2024.
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