The number of active condo listings in South Florida is rapidly shrinking, according to a recent report that anticipates a rise in condo prices over the next few months.

There were nearly 24,000 condos for sale in listings across Miami-Dade, Broward and Palm Beach counties last year, but now there's a low of 12,382. That's according to RelatedISG Realty, which recently released its 2021 Q2 Miami report.

While condos are "a great buy" right now, according to RelatedISG President Craig Studnicky, that could soon change. 

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Melea VanOstrand

Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.

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