South Florida’s condo market has tilted hard toward buyers, with unsold inventory sitting at roughly 10.6 months and active listings languishing an average of 240 days without a contract. That’s the headline number real estate analyst Peter Zalewski laid out in a presentation last month, and it’s a sharp signal for anyone trying to sell — or buy — a unit anywhere from Miami-Dade to Palm Beach County.
Zalewski discussed the figures alongside journalist Oscar Musibay on a recent episode of Miamees on Fire, recorded just after the midterm election, according to Miami’s Community Newspapers. The two reviewed data on condo prices, interest rates, maintenance fees and buyer-market conditions, and compared vintage buildings against newer construction across Miami-Dade, Broward and Palm Beach counties. Zalewski’s own tracking, published on his Substack, put the 10.6-months figure and the 240-day listing average at the center of the conversation, writing that the numbers leave the resale market firmly in a buyers market, per Zalewski’s analysis.
The imbalance shows up clearly when inventory is broken down by county. A separate inventory report dated November 10, 2026, found that condos and townhouses carried more months of inventory than houses in 68 of the 82 South Florida cities where both figures are tracked, with the report classifying those 68 markets as favoring buyers outright, according to PBP Real Estate. Miami-Dade County alone had 13.4 months of condo and townhouse supply compared with just 6.1 months for houses, the same source notes. Broward’s gap ran 11.5 months for condos versus 5.1 for houses, while Palm Beach County showed a narrower but still lopsided 7.5 months against 4.5 months for single-family homes.
Hallandale Beach Leads the Glut
Nowhere is the oversupply more visible than Hallandale Beach, which the report identified as the most supplied condo market in the region at 32.2 months of inventory. That’s more than four times what Palm Beach County posts on average, underscoring how unevenly the slowdown is landing from city to city…