The real estate advisory firm CondoVultures.com is out with a new report that says there are now more new condo units being proposed than there are condos currently on the resale market. This info pertains to Miami-Dade, Broward and Palm Beach counties.

Some of the new condos that were built during the last construction boom have never been sold and are still sitting empty.

The South Florida condo market is notorious for its boom and bust cycles and maybe another bust is coming?