South Florida home sales fell again in April as median prices continued to rise, with one exception: single-family homes in Palm Beach County.
The year-long economic slowdown last month saw double-digit declines in home prices in Miami-Dade, Broward and Palm Beach counties, according to the Miami Association of Realtors. Reports include sales recorded on multiple listing services.
Compared to April 2022, closed USD volumes totaled $4.9 billion, down more than 30% year-over-year.
miami-dade county
Home sales in Miami-Dade County fell 35.5% year-over-year to 2,222 last month. Single-family home sales fell 20% to 1,000 units and condo sales fell 44% to 1,222.
The median price for a single-family home rose 6 percent to $600,000. The median price of condos also rose about 6 percent to nearly $415,000.
Miami-Dade dollar volume totaled $1.7 billion in April. Single-family home sales fell 27% to $923 million and condo sales fell 48% to $802 million.
Broward County
In Broward County, home sales fell 31% year over year to 2,393 units. Sales of single-family homes fell 28% to 1,082 units. Condo sales plunged 34% to 1,311 units.
The median price of a single-family home rose slightly — up 3 percent to $575,000. The median price of a condo rose 10 percent to $270,000.
Dollar volume in Broward County fell to $1.3 billion in April. Single-family home dollar volume fell 32% to $793 million. Condo dollar volume fell 30% to $476 million.
Palm Beach County
Home sales in Palm Beach County fell 17% year-over-year to 2,441. Sales of single-family homes fell 15% to 1,262, while condominium sales fell 20% to 1,179.
In Palm Beach County, the median price for a single-family home fell 3 percent to $585,000. The median price of condos rose 3% to $303,000.
Countywide dollar volume fell to $1.9 billion. Single-family home dollar volume fell 20% to $1.2 billion. Condo dollar volume fell about 18% to $644 million.
