Market Report
The South Florida Luxury Real Estate Market had some of the most unprecedented years of growth from 2020 – 2022; however, Q1 2023 sees the market normalizing to a more standard growth versus the exorbitant activity seen during the “pandemic” migration to Florida.

With rising interest rates, high inflation, and rising costs, the market corrected itself in Q1 2023, by increasing inventory, by 153.8% for months’ supply of inventory from 1.3 months to 3.3 months year over year (comparing February 2023 to February 2022 market data). The increase in inventory, coupled with an increase in median time to sale of 32.8%, decreased pending sales by -12.7%, but increased the median sales price by 4.2%. Proving that the South Florida Market is still a safe and lucrative investment.

Sutter & Nugent, LLC is a fourth generation respected and trusted counselor to an affluent collection of global buyers, sellers, and real estate developers. Year after year, the firm has repeatedly represented an extensive portfolio of high net-worth individuals in luxury transactions throughout South Florida. Providing local generational expertise, coupled with a top tier broadcasting network of international exposure, our real estate experts are seasoned professionals redefining the business through their lifestyle insights and access to a diverse rolodex of scrutinized vendors. Well informed, accomplished, and highly committed to achieving the best results, the Sutter & Nugent Real Estate firm represents top real estate experts that are unequivocally qualified to guide our high net-worth clientele throughout the entire process.