Miami-Dade Office Sales Rise; South Florida Commercial Fundamentals Strong
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Amid rising macroeconomic risks and geopolitical uncertainty, commercial sales volume in the first quarter of 2026 Q1decreased 1% from one year ago to $2.86 billion. Palm Beach County bucked the decline with commercial sales volume up 80% to $650 million, while sales fell 13% […]
Miami Sees Double-Digit Spike in Domestic Migration; New York, California, and Texas Lead Inflows
By Gay Cororaton, MIAMI REALTORS Chief Economist South Florida continues to see strong out-of-state migration in 2026 Q1 compared to one year, based on driver license exchanges from out-of-state movers, according to Miami Association of REALTORS® (MIAMI) analysis of Florida Highway Safety and Motor Vehicles data. New residents must exchange their out-of-state license […]
South Florida Office Market Leads the Nation
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways: Office vacancy rate in the West Palm Beach-Boca Raton Market Area was 11.3% and 12.8% in the Miami Market Area, the lowest among the nation’s 25 major office markets and coming below the national vacancy rate of 17.6%. Brickell has the lowest vacancy rate […]
Palm Beach County: #1 in the Nation in Net Inflow of Income from Domestic Migration Per Latest IRS Tax Data
Gay Cororaton, Chief Economist Key Takeaways: Palm Beach County is #1 in the nation with largest net flow of income due to domestic migration totaling $22.7 in total from 2019-2023. Florida is the #1 state with largest net income inflow due to domestic migration totaling $137 billion during 2019-2023. Florida is #2 in the […]
Miami Dominates Sunbelt Rental Markets in New Report
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways: Multifamily asking rents rose 0.6% year-over-year in February 2026 in the Miami Metro Area while rents declined in most major Sunbelt markets. High-income renters are supporting the demand for upper tier rentals (B+, A+), with rents up year-over-year in South Florida’s priciest urban core […]
South Florida $1M & Up Home Sales Hit All-time Highs
By MIAMI REALTORS Chief Economist Gay Cororaton Key Takeaways South Florida home sales rose for the second consecutive month in February 2026, up 5.4% overall. Sales of million-dollar single-family sales rose at a robust year-over-year pace of 17.8%, while condominium/townhome sales rose 21.6%, for an overall increase of 18.8%. 3.Year-to-date million-dollar sales through […]
Miami-Dade Home Sales Rise for Sixth Straight Month as Condo Sales Jump
MIAMI — Miami-Dade total home sales rose year-over-year for the sixth consecutive month in February 2026, reflecting sustained demand across both ultra-luxury and more accessible properties, according to statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS). Total home sales increased 9.6% year-over-year. Single-family home […]
Miami Beach Ranked #2 Largest Vacation Home Market in the U.S.
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Dollar sales volume rose 6.5% in 2025 in South Florida’s 25 vacation home markets, outperforming the 0.2% increase in non-vacation markets. The median sales price in South Florida’s vacation markets rose 6.7% while the median price decreased 8.3% in non-vacation markets. Cash buyers accounted […]
Geopolitical Tensions Could Push Mortgage Rates to Near 7% in 2026
By MIAMI REALTORS Chief Economist Gay Cororaton Key Takeaways Geopolitical tensions that have pushed oil prices to over $100/barrel could push inflation to an average of 3.7% and the 30-year mortgage rate to an average of 6.8% in 2026. Rising mortgage rates will set back the housing market recovery to 2027. Million-dollar buyers […]
MIAMI Realtors to Sign 300th Global Partnership & Expand South Florida’s Global Exposure at MIPIM
MIAMI — The MIAMI Association of Realtors (MIAMI) will sign its record 300th global partnership, champion the distinct and powerful Miami lifestyle and launch more global business for South Florida during its expanded presence at the world’s largest commercial real estate event, MIPIM, from March 9-13 in Cannes, France. MIAMI will sign its 300th […]