Sale prices for existing homes and condos in South Florida or Denver real estate market rose in the second quarter of this year. But the amount of increase is not as much as sellers had been hoping for. Nevertheless as compared to the previous year, the cumulative sales of South Florida real estate plunged according to statistics from the Florida Association of Realtors. Housing analysts are positive about the strength of the South Florida real estate market; however, the current trend seems to suggest that the South Florida real estate market is experiencing a fall off. The numbers indicate that home sales have dropped by at least 30% in Miami-Dade, Broward and Palm Beach counties. Condo sales also generally declined, by 44% in Palm Beach County, 33% in Broward and 23% in Miami-Dade.

c. In Miami-Dade, the jump is even more spectacular as the median price raised by 8%. Only Palm Beach County experience a slight appreciation as its median sales price only increased by 1% in comparison with last year’s numbers.

South Florida real estate condo prices also slightly amplified increased slightly by the second quarter of this year. Broward's median sale price for condos increased by a considerable 10%; Palm Beach County's by 8%; and Miami-Dade's by 3%.