Southeast Florida Single-Family and Condo Sales Surge Double Digits Year-over-Year
By MIAMI REALTORS Chief Economist Gay Cororaton Key Takeaways: Single-family and condominium/townhome closed sales surged a remarkable 13% across all five Southeast Florida counties in September 2025, with the million-dollar segment accounting for the largest increase in single-family home sales. Pending sales rose 9%. The median single-family sale prices rose in the counties […]
Fort Lauderdale Ranked. No. 1 in Multifamily Investment Profitability
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Fort Lauderdale led 30 market areas in multifamily investment profitability, with the highest cap rate of 6.3%, according to Yardi Matrix. Net absorption in the first three quarters of 2025 outpaced new deliveries of multifamily units in the Fort Lauderdale market area, resulting in […]
Miami-Dade County Land Sales Surge; Fueled by Population and Job Gains
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Land sales in Southeast Florida rose to $4.8 billion in the first three quarters of 2025, up 3% from one year ago. Miami-Dade County land sales drove the increase, with $2.1 billion in sales, up 111% from one year ago. The median land residential […]
Southeast Florida Commercial Sales Volume Rose 18% to $9.6 Billion in 2025 Q1-Q3
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Commercial sales rose to $9.6 billion in the first three quarters of 2025 in the counties of Miami-Dade, Broward, and Palm Beach, up 18% from one year ago. Miami-Dade County had the largest sales volume ($4.4 billion, +30%), but Broward County posted the highest […]
California-to-Miami Migration Trend Accelerates
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways: Miami-Dade County out-of-state driver license exchanges rose 3% in 2025 Q1-Q3. California is the fastest-growing source of out-of-state driver license exchanges, up 66% vs. 2019. Stronger employment conditions particularly in the tech sector in South Florida vis-a-vis California are driving migration flows. Over the […]
5 Reasons Miami’s Appreciation Reflects Real Market Fundamentals
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways: Single-family home prices have increased sharply in Miami-Dade County since the pandemic, up 77% as of August 2025 compared to 2019, outpacing the wage growth of 29%. Miami-Dade’s robust price appreciation is sustainable because underwriting conditions today are more stringent today than prior […]
MIAMI REALTORS® Chief Economist Gay Cororaton on the Dinero Y Mas Podcast. Gay Cororaton provides an overview of the residential market, highlighting buyer momentum and inventory changes.
In this episode of Dinero y Mas, Raul Mas discusses the current state of financial markets, real estate trends, and economic insights with expert guests Gay Cororaton and Alfredo Faubel. The post MIAMI REALTORS® Chief Economist Gay Cororaton on the Dinero Y Mas Podcast. Gay Cororaton provides an overview of the residential market, highlighting […]
Buyer Momentum Strengthens in Miami Market Area in August 2025
By Gay Cororaton, Chief Economist, MIAMI Realtors® Key Takeaways Single-family pending sales rose 4.7% while condominium/townhome sales rose 0.9% in August 2025. The median single-family sales price rose 2.3% in Miami-Dade County in August for the 14th year, with the largest price increase in Broward County (3.1%) Million-dollar condo/townhome sales rose 10.8% in […]
New York Developer and WeWork Founder Lead Miami’s Largest Multifamily Development
By Gay Cororaton, Chief Economist, MIAMI Realtors® Key Takeaways 35,000 multifamily units expected to be delivered in the Miami-Fort Lauderdale-Palm Beach market area in 2025-2026. 40% of new multifamily units are in Miami with a New York-based company and WeWork founder leading the largest development projects. Condo rents in buildings built after 2010 […]
Southeast Florida Home Sales to Rebound in 2026 as Mortgage Rates Hit 6%
By Gay Cororaton, Chief Economist, MIAMI Realtors® Key Takeaways Mortgage rates are likely to stabilize at 6% in 2026 from 6.7% in 2025. Single-family sales are likely to rebound 5% in 2026 while single-family home sales prices will increase at stronger pace of 3.4% as inventory tightens to 5.1 months’ supply. The million-dollar […]