S
outh Florida's residential sales market experienced a decline in October. According to the Miami Association of Realtors' Multiple Listing Service data, condo sales plummeted across all three counties, with double-digit drops reported in each area. The total dollar volume for the month was $4.2 billion, down from $4.3 billion in October last year.

    In Miami-Dade County, home sales fell 10% to 1,769 deals, while single-family home sales dipped 5% and condo sales dropped 15%. Median prices for single-family homes rose 9% to $670,750, but condo prices remained flat at $415,000. Total dollar volume reached $1.7 billion.

    Broward County saw a 12% decline in total home sales to 1,882 closings, with single-family home sales increasing 2% and condo sales plummeting 24%. Median prices for single-family homes rose 7% to $615,000, while condo prices increased 3% to $280,000. Dollar volume totaled $1.1 billion.

    In Palm Beach County, total sales dropped 10% to 1,794 deals, with single-family home sales dipping 3% and condo sales plummeting 19%. Median prices for single-family homes remained steady at $621,500, while condo prices fell 3% to $305,000. Total dollar volume reached $1.4 billion.

    Median prices rose in Miami-Dade and Broward counties for both single-family homes and condos, but home prices remained flat in Palm Beach County, and condo prices fell.