Broward County Single-Family Home $1M & Up Sales Increase
MIAMI — Broward County single-family home $1M & up sales rose year-over-year in November 2024, according to statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS). Broward single-family home $1M & up transactions increased 12.6% year-over-year in November 2024 to 143 sales. “Fort Lauderdale […]
Palm Beach County Single-Family Home Dollar Volume Increases
MIAMI — Palm Beach County single-family home dollar volume rose year-over-year in November 2024, according to statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS). Palm Beach County single-family home dollar volume increased 6.9% year-over-year in November 2024 to $905.7 million. “Palm Beach County […]
Martin County Total Home Sales Climb
MIAMI — Martin County total home sales rose year-over-year in November 2024, according to statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS). Martin County total home sales increased 9.1% year-over-year in November 2024, from 176 to 192. “Martin County real estate including the […]
Broward County Single-Family Home Sales Rise
MIAMI — Broward County single-family home sales increased year-over-year in October 2024 as $1M & up condo transactions rose, according to statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS). Broward single-family home sales climbed 1.8% year-over-year, from 983 to 1,001. $1M and up Broward […]
Martin County Condo Sales Climb in October 2024
MIAMI — Martin County condo transactions increased year-over-year in October 2024, according to statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS). Martin condo transactions jumped 16.4% year-over-year in October 2024, from 67 to 78. “Stuart and Martin County are celebrated for their small-town […]
Mortgage Rates Decline, but Median Home Prices Rise in June 2024
At the national level, housing affordability fell modestly in June compared to the previous month, according to NAR’s Housing Affordability Index. The monthly mortgage payment increased by 1.0% compared to the prior month, while the median price of single-family homes increased by 2.4%. The monthly mortgage payment increased by $23 from last month. Compared to […]
Miami-Dade Again Leads the Nation in Multifamily Units Under Construction
By Gay Cororaton, MIAMI REALTORS Chief Economist Miami-Dade County continues to rank No. 1 in the U.S. in multifamily units under construction with developers continuing to remain bullish given the area’s strong job growth and sustained migration. According to Cushman and Wakefield’s[1] multifamily report for 2024 Q3, there were about 25,000 units in […]
Miami-Dade County’s Out-of-State Driver License Exchanges in 2024 Q1-Q3 are Up 20% from Pre-Pandemic Level
By Gay Cororaton, MIAMI REALTORS Chief Economist Miami-Dade County is continuing to experience sustained migration in the first three quarters of 2024 using driver license exchanges as a migration indicator, according to Miami Association of REALTORS® (MIAMI) analysis of Florida Highway Safety and Motor Vehicles data. Driver license exchanges reflect the strength of […]
Southeast Florida’s Single-Family Market Poised to Grow 10% in 2025 as Mortgage Rates Decline to 5% by End of 2025
By Gay Cororaton, MIAMI REALTORS® Chief Economist MIAMI REALTORS® expects Southeast Florida’s single-family home sales to continue to perform strong in 2025, prices to continue to appreciate, and market conditions to become more competitive as mortgage rates continue to head downwards to 5% by the end of 2025. Here are our key projections: […]
Colombia is Top Foreign Country Searching Miami Real Estate
MIAMI — Colombia again registered the most global web searches for South Florida real estate in August 2024, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia, which is also South Florida’s top global buyer, has now finished in the top two countries searching Miami real estate in each of the […]