Southeast Florida Housing Outlook June 2025 Update: Home Sales Rebound in 2026 as Mortgage Rates Decline to Below 6%
Gay Cororaton, Chief Economist A decline in mortgage rates, the increase in state and local tax (SALT) deduction cap from $10,000 to $40,000, and the implementation of a new condo law (HB 913) that eases the financial burden for condo owners and prospective buyers underpin a projected rebound in home sales in 2026. Download […]
MIAMI Realtors Partners with AI HomeDesign to Boost Members’ Marketing
In a move that reflects a growing industry shift toward smarter, faster, and more visually compelling real estate marketing, AI HomeDesign, the ultimate AI toolbox for property listing, proudly announces its partnership with the MIAMI Association of REALTORS®, the largest local REALTOR® association in the United States. Through this collaboration, AI HomeDesign becomes part of […]
Miami-Dade Out-of-State Driver License Exchanges Are 22% Above Pre-Pandemic
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Out-of-state driver license exchanges in Miami-Dade County are 22% higher in the first half of 2025 compared to the same period in 2019. Out-of-state driver license exchanges in Miami-Dade County rose 1% from one year ago, bucking the overall decline in Florida driver license […]
Miami-Dade Median Single-family Home Price Rose for 162nd Consecutive Month
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Southeast Florida single-family home sales fell in May 2025 amid elevated mortgage rates and a tight supply of affordable homes. Million-dollar homes single-family months’ supply is rising but is still below pre-pandemic level. Median single-family sales prices rose in Miami-Dade County, Palm Beach County, […]
14 Consecutive Years of Price Appreciation for Miami-Dade Condominiums
MIAMI — Miami-Dade County existing condo prices have now stayed even or increased for exactly 14 consecutive years, a signal of the market’s resiliency and unending lifestyle appeal globally and domestically, according to May 2025 statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS). “No […]
Broward on the Move Event Educates How REALTORS® Can Leverage New Infrastructure Projects to Make More Deals
MIAMI — BROWARD-MIAMI of the MIAMI Association of REALTORS® (JTHS-MIAMI) will host a Broward on the Move event on June 26 at Fort Lauderdale Downtown Event Center to bring the latest intel on new infrastructure projects and how MIAMI REALTORS® can leverage them to make more deals and provide better service to their clients. […]
Sold-Out Palm Beach Rock the Market Launching New Tools to Empower REALTORS®
MIAMI — The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) will host a sold-out Palm Beach Rock the Market on June 25 at Embassy Suites Palm Beach Gardens to bring MIAMI REALTORS® new tools, fresh ideas and powerful connections to thrive in today’s market. “After a full day at Palm Beach […]
Miami-Dade County Ranks No. 1 for Fastest Employment Growth
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Miami-Dade’s employment growth of 1.1% was the fastest among the 10 largest counties as of the end of 2024. Nationally, employment rose 0.8%. Leisure and hospitality (+2.7%), education and health services (2.2%), and construction (+1. 6%) led Miami-Dade’s employment growth. Average weekly wages rose […]
Colombia Again Top Country Searching Miami Real Estate
MIAMI — Colombia registered the most global web searches for South Florida real estate in May 2025, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia has now finished in the top two countries searching Miami real estate in each of the last 38 months (three-plus years). “Political instability […]
Miami Ranked No. 1 Office Market in the U.S.
By Gay Cororaton, MIAMI REALTORS Chief Economist Key takeaways The Miami market area posted the lowest office vacancy rate of 15.5% among 25 major markets in April 2025. Nationally, the vacancy rate was 19.7%. The Miami market area also had the highest increase in the average office listing rate, at 15%. Nationally, the average […]
