South Florida condominium sales picked up in October, showing the second consecutive year-over-year increase in more than two years.

The regional condo market had been reeling from the twin pressures of higher mortgage rates and reforms put in place for older buildings after the 2021 collapse of the Champlain Towers South condo building in Surfside that killed 98 people.

The pace of condo deals increased across the region, led by a 10.6% jump in activity in Broward County. Broward also had the lowest median price of condos at $259,000. That represents a 7.5% drop in the median price from a year ago, according to data from the Miami Association of Realtors.

The drop in prices and increase in sales underscores the affordability challenges the regional residential real estate market has ex

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