Redland
Real Estate
South Florida Sees the Biggest Drops in Pending Home Sales, Report Finds
It looks like the real estate market in South Florida is cooling down, as Palm Beach, Miami-Dade, and Broward counties recorded the steepest drops in pending home sales across the U.S., according to a recent report by Redfin. These three counties led the way out of 50 major metro areas in the country, with Palm Beach County seeing the largest decline at 19.8% year-over-year in late August and early September. Miami-Dade wasn’t far behind, dropping by 18.8%, while Broward County experienced a 16.9% decrease.
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