At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

The 17-story luxury condo tower is over 75% sold.

Ocean580 will bring 17 residences priced from $4.67 million to market, with delivery expected in winter 2027. 

ONE Sotheby’s International Realty is handling sales and marketing for the project, Lincoln Coconut Grove. 

The three-building development in the Bay Harbor Islands is approaching $100 million in sales and is 50% sold. 

The master-planned community will ultimately bring 2,000 mid-rise and garden-style apartments to the area around West Miami-Dade County’s Dolphin Park-and-Ride/Transit Terminal Facility.

Homes in the community, to be called The Dunes at Juno, will be priced from around $1.5 million. 

The project by Related Group, Rockpoint and Two Roads Development will bring 56 “sky villas” to Miami’s exclusive Bal Harbour village. 

The 45-story tower will offer 422 residences ranging from 500-square-foot studios to 1,100-square-foot, two-bedroom homes.

The median-sales price slid from $425,600 in October to $402,600 last month. 

The 19-story towers will have 28 condominiums, each occupying its own floor. 

The 48-story building has 226 condominiums priced from $1.5 million. 

The development, called Forest, will bring 372 homes to market. 

The 43-story development, Ombelle Fort Lauderdale, will offer 775 condominiums priced from $400,000. 

The first phase of the $2 billion development will see the construction of branded residential towers, a St. Regis hotel, private beach club and restaurant and retail establishments. 

Multifamily construction, meanwhile, rose on a monthly basis.