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South Florida takes home sales hit in June as inventory swells

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South Florida takes home sales hit in June as inventory swells


South Florida’s housing market was sluggish in June, as single-family home sales and even condominium sales were well off the mark from a year ago.

The “Elliman Report,” which analyzes home sales on a monthly basis, found June was a gut-punch for home sales for Palm Beach, Broward and Miami-Dade counties.

“Newly signed contracts declined annually for the fourth time as new listings have been added annually each month since September” in South Florida, per the report

Palm Beach County had the roughest June among the South Florida counties as there was a whopping 21.3% decrease in single-family home sales compared to June 2023. In raw numbers, that’s a drop from 347 home-sale contracts signed in June 2023 to 273 signed contracts closing on home sales a month ago.

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Meanwhile, as home sales are dropping in Palm Beach County, the inventory on homes for sale is creating a glut in the market. The number of homes listed for sale in that county jumped to 1,016 in June, up from 865 a year ago, or a 17.5% increase.

Miami-Dade County fared a bit better in June, but not by much. There were 784 new signed single-family home contracts signed for sales in June. That’s a 17% drop from June 2023 when there 945 closed contracts on sales.

Miami-Dade is also seeing a glut in the market, with 958 new single-family home listings last month. That’s an 18.3% jump from a year ago, when there were 810 listings.

Broward County’s home sales slump was less dramatic, but still ended up in the negative side of the ledger. There were 417 closed contracts on single-family home sales last month, which is a 6.5% slide from a year ago when there were 446 homes sold.

The rush to list more houses for sale in Broward County was the most substantial in all the South Florida counties. There were 1,118 new homes listed for sale in June, a big jump over June 2023, when there were 862 new listings which is a staggering 29.7% increase.

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Condominium sales were also hurting in South Florida in June. All three counties recorded at least a 26% drop in condo closed contract sales last month compared to June 2023.

The South Florida home sale slow-down is reflective of some other areas of Florida. The Northeast Florida Association of Realtors (NEFAR) released its monthly home sales report last week.

In a six-county area, there was a notable drop in sales for the First Coast in June. There were 1,097 total closed single-family home sales in Northeast Florida in June, a 14.7% decline from the 2,236 closed purchases in May 2023.

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Federal judge blocks DeSantis executive order declaring CAIR a 'terrorist organization'

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Federal judge blocks DeSantis executive order declaring CAIR a 'terrorist organization'


A federal court in Tallahassee has issued a temporary injunction blocking Florida Gov. Ron DeSantis’ executive order designating the Council on American-Islamic Relations (CAIR) a “terrorist organization.” U.S. District Judge Mark Walker’s order comes nearly three months after DeSantis signed his executive order on Dec. 8. The order directed Florida’s executive and Cabinet agencies, as […]



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Gas prices rise in South Florida amid U.S. and Israel’s conflict with Iran, as the stock market also reports a dip

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Gas prices rise in South Florida amid U.S. and Israel’s conflict with Iran, as the stock market also reports a dip



Four days into the Iranian conflict, gas prices are rising at many stations in South Florida.

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“I’ve traveled all over the United States,” says Stacey Williams. CBS Miami spoke to him as he was gassing up on the turnpike. He paid $66 for 20 gallons of diesel to fill his pickup truck. Williams has noted the fluctuations in fuel as he drives to locations for his work on turbines. He just spent three weeks at the Turkey Point Nuclear Power Plant south of Miami.

“The salary we get paid per hour does not add up to what we pay for gas, housing, and food,” he says.

Mitchell Gershon is also dealing with the higher gas prices. He has to fill three vehicles constantly for his business—Thrifty Gypsy, a pop-up store at musical venues. He’s back and forth from Orlando to Miami and says fuel is costing him 20% more. When asked how he handles these fluctuations, he said, “Have a little backup cash so you are ready for it.”

The rise in oil prices contributed to a drop in the stock market on Tuesday, which means some retirement accounts dipped, too. CBS Miami talked to Chad NeSmith, director of investments at Tobias Financial Advisors in Plantation, for perspective on the drop.

“We are seeing most of the pullback today. Yesterday was a shock,” he says. He’s not expecting runaway oil prices but says investors should stay in the loop: “Pay attention to your portfolio. Stick to your goals. Have a plan because these things are completely unpredictable.”

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That unpredictability has Williams adjusting his budget. “You just cut back, cut corners, all you can do,” he says.



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Man convicted of 1991 fatal shooting of a police officer is set to be executed in Florida

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Man convicted of 1991 fatal shooting of a police officer is set to be executed in Florida


STARKE, Fla. (AP) — A man convicted of fatally shooting a police officer with his own service weapon during a traffic stop is set to be executed Tuesday evening in Florida.

Billy Leon Kearse, 53, is scheduled to receive a three-drug injection starting at 6 p.m. at Florida State Prison near Starke. Kearse was initially sentenced to death in 1991 after being convicted of first-degree murder and robbery with a firearm.

The Florida Supreme Court found that the trial court failed to give jurors certain information about aggravating circumstances and ordered a new sentencing. Kearse was resentenced to death in 1997.

Kearse awoke at 6:30 a.m. He declined a last meal and has remained compliant throughout the day, corrections spokesman Jordan Kirkland said during a news conference. Kearse met with a spiritual adviser during the day but had no other visitors.

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This is Florida’s third execution scheduled for 2026, following a record 19 executions last year. Republican Gov. Ron DeSantis oversaw more executions in a single year in 2025 than any other Florida governor since the death penalty was reinstated in 1976. The highest number before then was eight executions in both 1984 and 2014, under former governors Bob Graham and Rick Scott, respectively.

According to court records, Fort Pierce Police Officer Danny Parrish pulled over Kearse for driving the wrong way on a one-way street in January 1991. When Kearse couldn’t produce a valid driver’s license, Parrish ordered Kearse out of his vehicle and attempted to handcuff him.

A struggle ensued, and Kearse grabbed Parrish’s firearm, prosecutors said. Kearse fired 14 times, striking the officer nine times in the body and four times in his body armor. A nearby taxi driver heard the shots and used Parrish’s radio to call for help.

Parrish was rushed to a nearby hospital, where he died from the gunshot wounds, officials said. Meanwhile, police used license plate information that Parrish had called in before approaching Kearse to identify the attacker’s vehicle and home address, where Kearse was arrested.

Last week, the Florida Supreme Court denied appeals filed by Kearse. His attorneys had argued that he was unconstitutionally deprived of a fair penalty phase and that his intellectual disability makes his execution unconstitutional.

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The U.S. Supreme Court rejected Kearse’s final appeals Tuesday afternoon without comment.

A total of 47 people were executed in the U.S. in 2025. Florida led the way with a flurry of death warrants signed by DeSantis, far outpacing Alabama, South Carolina and Texas which each held five executions.

Besides the two Florida executions this year, Texas and Oklahoma have each executed one person so far.

Two more Florida executions have already been scheduled for this month. Michael Lee King, 54, is scheduled to die on March 17, and the execution of James Aren Duckett, 68, is set for March 31.

All Florida executions are carried out via lethal injection using a sedative, a paralytic and a drug that stops the heart, according to the Department of Corrections.

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