WLRN Public Media | By Tom Hudson

Condo sales fell sharply across South Florida in April even as median prices held steady thanks to newer and more expensive units.

The number of existing single family homes that sold last month also fell from the pace a year ago, according to monthly data from the Miami Association of Realtors. However, home prices increases have outpaced more volatility in condo prices.

The home real estate market continues adjusting to reforms impacting older condo building and broader economic uncertainty brought on by Pres. Donald Trump’s volatile tariff policies and sustained higher interest rates compared to a few years ago.

“ I think we are beginning to see the real pain in the condo market right now,” said Juan Arias, South Florida-based director of market analytics at real estate data firm Homes.com.

This story was originally produced by WLRN, South Florida’s only public radio station at 91.3 FM, as part of a content sharing partnership with MIA Media Group. Read more at WLRN.org