South Florida’s single-family and condo markets saw a return to pre-pandemic high-end activity in 2022 as strong demand continued despite a tight supply.
That’s according to The Keyes Co. and Illustrated Properties’ new Luxury Report, which says the average days on the market for luxury single-family homes went down by 33.1% to 75 from 2021 to 2022. The area’s high-end condo sector experienced a similar year-over-year decline in average days on market, falling 30.1% to 118. In the past, luxury listings often spent at least 300 days on the market before a sale.
