South Florida Ultra-Luxury and Luxury Home Thresholds Rise to Record Highs
By Gay Cororaton, MIAMI REALTORS Chief Economist Key takeaways The luxury price thresholds rose in all markets, with the top 1% (uber-luxury threshold) rising to $10.4 million in Miami-Dade County. In 2025, the share of million-dollar single-family homes amounted to $24.1 billion, accounting for a phenomenal record-breaking share of 55% of total dollar […]
Sophia Allen Elected to Lead 2026 Broward-MIAMI Realtors
MIAMI — The MIAMI Association of Realtors (MIAMI) will install 2026 Broward-MIAMI President Sophia Allen AHWD, C2EX, PMN at its Inaugural & Awards Celebration on Feb. 6 at the Seminole Hard Rock Hotel & Casino in Hollywood. Former Miami Mayor Francis X. Suarez will be the keynote speaker. Register: MiamiRealtors.com/Inaugural “This presidency represents responsibility, […]
Dinorah de Cardenas Elected 2026 MIAMI Realtors Residential President
MIAMI — The MIAMI Association of Realtors (MIAMI) installed 2026 MIAMI Residential President Dinorah de Cardenas AHWD, PMN, PSA at its Inaugural & Awards Celebration on Feb. 6 at the Seminole Hard Rock Hotel & Casino in Hollywood. Former Miami Mayor Francis X. Suarez will be the keynote speaker. Register: MiamiRealtors.com/Inaugural “Stepping into this […]
Denise Chambers Palmer Elected to Lead MIAMI Commercial Realtors
MIAMI — The MIAMI Association of Realtors (MIAMI) will install 2026 MIAMI Commercial President Denise Chambers Palmer ABR, SRS at its Inaugural & Awards Celebration on Feb. 6 at the Seminole Hard Rock Hotel & Casino in Hollywood. Former Miami Mayor Francis X. Suarez will be the keynote speaker. Register: MiamiRealtors.com/Inaugural “Leading the 7th […]
Southeast Florida Ranks No. 1 in the U.S. For Most Multifamily Construction
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Asking rent growth in the Miami Metro Area rose 0.9% in December 2025 while asking rents fell in most Sunbelt markets where vacancy rates are higher. Southeast Florida has the most intense multifamily construction activity in the nation as of 2025 Q4, with 36,290 […]
Miami is #1 U.S. Market for Foreign Home Buyers; New MIAMI REALTORS® International Report Released Today
MIAMI — Miami is once again the #1 U.S. destination for global home buyers as its foreign buyer share, global buyer dollar volume and total international sales increased year-over-year, according to the new 2025 Profile of International Home Buyers of the MIAMI Association of Realtors (MIAMI) released today. One in five of all U.S. international home sales […]
Lower Mortgage Rates Drive 14% Sales Surge in Southeast Florida Home Sales
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Southeast Florida’ housing market finished strong in December 2025, with single-family sales up 14.4% year-over-year and 0.2% for the full year following a 3-year decline. In the condominium/townhome market, sales jumped 13.7% year-over-year, with full-year sales declining at a smaller pace of 7.1% […]
South Florida Commercial Sales Volume Jumps to Highest Level Post Pandemic
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Commercial real estate sales of multifamily, office, industrial, and retail real estate in Southeast Florida rose for the second straight year to $16.0 billion in 2025, up 26% from one year ago, the highest level since 2017. Commercial sales rose 32% in Miami-Dade County […]
Domestic Migration to Miami-Dade, Broward Increases with New York Again as Top Feeder State
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Out-of-state driver license exchanges in Miami-Dade County rose 12% from the prior year, with 23,878 driver license exchanges, the second highest level following the pandemic-induced peak in 2021 (23,937). Broward County driver license exchanges were up 6% from the prior year, with 19,892 driver […]
Falling Mortgage Rates Kick Up Home Buying in South Florida
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Single-family sales surged 14.3% and pending sales rose 10.3% in November 2025. Seventy-five percent of local markets saw year-over-year increase in single-family sales. Condominium/townhome sales surged 4.2% and pending sales rose 9.7% in November 2025. Fifty-seven percent of local markets saw year-over-year increase […]