Miami-Dade Older Condominiums Selling Faster than Newer Units; $1M & Up Condo Sales Continue Rising
MIAMI — Miami-Dade County older condominiums are selling faster than newer units showing that demand for well-priced, older condos remains strong in a market that continues to see surging $1M and up condominium year-over-year sales, according to June 2025 statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing […]
Miami Metro Rent Growth Outpacing Most Sunbelt Markets
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Multifamily asking rents rose at a stronger pace in June 2025 in the Miami Metro Area (1.6%) and in the Port St. Lucie Metro Area (3.9%) compared to most Sunbelt areas. Single-family asking rent growth in the Miami Metro Area (2.5%) and in the […]
South Florida Land Sales Surge: Leading Indicator of Future Real Estate Development
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Sales of residential, commercial, and industrial land in the counties of Miami-Dade, Broward, and Palm Beach rose to $3.56 billion in the first half of 2025, up 14% year-over-year. The median sales price per square foot rose at a double-digit pace: residential ($116/sf, +16%), […]
South Florida Commercial Sales Jump Double Digits in First Half of 2025
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Commercial sales volume rose 10% to $5.6 billion in the first half of 2025 in the counties of Miami-Dade, Broward, and Palm Beach. The strong growth in office assets ($1.4 billion, +110%) and multifamily ($2 billion, +5%) bolstered sales. Broward County landed the largest […]
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. […]