South Florida still has an oversupply of condos but that’s anticipated to change by 2021 or 2022 thanks to population growth. Reported Miami Herald.
The number of active listings continues to decline for condos constructed from 2012 to 2019 from east of Interstate 95 to Fort Lauderdale, according to the 2020 ISG Miami World Report.
At the same time, Florida ranked as the second-fastest growing state after Texas, according to the report. Approximately 950 people per day moved to Florida in 2019. Forty-eight percent came to South Florida that year, including Miami-Dade, Broward and Palm Beach counties.
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