Lickstein speaks on the fall in South Florida home and condo prices
South Florida Business Journal
South Florida home and condo prices have seen an across-the-board decline in July. Single-family homes have dropped by 6%, and condo/townhouse sales have dropped by 12.4%.
Jonathan Lickstein, president of Broward, Palm Beaches & St. Lucie Realtors ®, commented on these market changes. He considers it a “healthy price correction” considering the shift in first-time homebuyer age demographics.