Miami-Dade Ultra-Luxury Sales on Pace to Set Records; Affordable 30-Year Condo Units Holding Value
MIAMI — South Florida is on pace to post the second-most $10M and up home sales for a calendar year as median prices for affordable 30-year Miami-Dade condo units stay even, according to July 2025 statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS). Miami-Dade, […]
Southeast Florida Housing Permits Up 14% in the First Half of 2025 Bucking National Decline of 2%
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Housing units authorized in the first half of 2025 in Southeast Florida rose 14%, bucking the 2% national decline. The annualized authorized units per 1,000 existing housing units were higher than nationally (9.9) in Miami-Dade County (13.8), Martin County (12.5), and St. Lucie County (29.6) […]
Miami-Dade Home Equity Gains Nearly 2X National Figure
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways The expected home equity on a single-family home purchased 15 years ago at the median sales price and valued at the median sales price as of 2025 Q2 is around $500,000. Over the past 15 years since the Great Recession, Southeast Florida’s price appreciation […]
MIAMI Realtors 20 Under 40 Awards Recognizes Young Realtors Making a Difference
MIAMI — The MIAMI Association of Realtors (MIAMI) and the MIAMI Young Professionals Network (MIAMI YPN) are honored to announce the 2025 class of 20 MIAMI YPN Realtors under the age of 40 who are demonstrating excellence in their careers, leadership and community involvement. This is MIAMI YPN’s sixth class of 20 Under 40 winners, […]
South Florida Homebuyers: More Global, Diverse, and Wealthier Than U.S. Average
By Gay Cororaton, MIAMI REALTORS Chief Economist MIAMI Association of Realtors® (MIAMI) latest Profile of Homebuyers in Southeast Florida Report validates the narrative that MIAMI’s homebuyers are more global, racially diverse, more well-educated, and wealthier than homebuyers in Florida and the nation. MIAMI’s research is based on the latest available Census data. Census […]
14 Consecutive Years of Home Price Appreciation for Miami Real Estate
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Halfway through 2025, home sales were lower from one year ago in all Southeast Florida counties, with buyers seemingly holding out for lower mortgage rates. Despite the slower sales, the median sales prices in Miami-Dade County rose in June 2025 from one year ago […]
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 […]