Southeast Florida’s Hot Housing Markets in December 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist Hot housing markets have rising sales, rising prices, tight inventory levels (6 months’ supply or less), and properties that sell more quickly. Affordability, proximity to the urban core, and demand by wealthier buyers appear to be driving the sturdy demand in these hot markets. Based on […]
Miami Single-Family Home Luxury Price Threshold Rises to $3.3M and Ultra-Luxury to $10M
By Gay Cororaton, MIAMI REALTORS Chief Economist Million-dollar homes continued to gain ground in 2024 in Southeast Florida with demand driven by wealthy buyers coming from other states and internationally and as rising mortgage rates that hit 7% by year-end sidelined the typical buyer. Million-Dollar Sales Made Up Higher Share of Sales in […]
Tom Brady May Be Shopping His Mansion for $150 Million, Underscoring the Wild Inflation on Miami’s ‘Billionaire’ Bunker’
Sellers on Indian Creek Island have jacked up prices, including a vacant lot next to Jeff Bezos asking $200 million The post Tom Brady May Be Shopping His Mansion for $150 Million, Underscoring the Wild Inflation on Miami’s ‘Billionaire’ Bunker’ appeared first on MIAMI REALTORS®.
Miami-Dade Total Home Sales Surge, 2024 Single-Family Home Sales Top 2023
MIAMI — Miami-Dade County total home sales, single-family home transactions and $1M & up condo sales surged in December 2024 as Miami single-family homes ended 2024 with more sales, more dollar volume, price appreciation and inventory versus 2023, according to statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple […]
Miami-Dade Total Home Sales Surge, 2024 Single-Family Home Sales Top 2023
MIAMI — Miami-Dade County total home sales, single-family home transactions and $1M & up condo sales surged in December 2024 as Miami single-family homes ended 2024 with more sales, more dollar volume, price appreciation and inventory versus 2023, according to statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple […]
Southeast Florida’s Rental Market Ends Strong in 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist As high mortgage rates continued to put many potential homebuyers on the sidelines, Southeast Florida’s residential rental market finished strong in 2024. The rental market saw positive rent growth, a low vacancy rate, and the most robust multifamily construction activity in the nation. In the Miami […]
MIAMI Realtors First to Offer Rental Beast and OneHome™ Integration to Members
Boston, MA —Rental Beast, an industry-leading real estate technology firm, and CoreLogic, a premier provider of property insights and innovative solutions, recently announced a transformative alliance that integrates Rental Beast’s powerful application and tenant screening tool, Apply Now, directly into OneHome, Corelogic’s consumer communication platform. The integration first goes live with the MIAMI Association of […]
Southeast Florida’s Hot Housing Markets in November 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist Elevated mortgage rates have continued to be a drag on the housing market, but there are areas of resilience and vibrancy at the local level. At the county level, Miami-Dade County continues to be Southeast Florida’s housing market powerhouse. In November, only Miami-Dade County saw an increase […]
MIAMI REALTORS® Sharing Reciprocal MLS Access With 302,000+ Realtors Nationwide
MIAMI — The MIAMI Association of REALTORS® (MIAMI) has launched its seventh data-sharing partnership — this time with Dayton REALTORS® in Ohio. The IntraMatrix reciprocal partnerships, which allow Realtors in one MLS system to search and view listings of another MLS, are introducing new referral opportunities and additional listing exposure for South Florida properties. […]
New York, California and Texas: Top States Moving to Miami in 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist New York, California, and Texas were the top origins of people who moved to Miami-Dade County in 2024, using driver license exchanges as an indicator, according to Miami Association of REALTORS® (MIAMI) analysis of Florida Highway Safety and Motor Vehicles data. New residents must exchange their out-of-state […]