South Florida Rents Outpace the Nation
By Gay Cororaton, MIAMI REALTORS + RWorld Chief Economist Key Takeaways Asking rents rose at stronger year-over-year pace in May 2026 than nationally (0.2%) in Miami-Dade County (1.5%), Broward County (0.6%), and Palm Beach County (2.0%). Asking rents rose at a more robust pace in Class A multifamily rentals than in Class C […]
South Florida Housing Market Strengthens as Luxury Sales Drive Growth
By Gay Cororaton, MIAMI REALTORS® + RWorld Chief Economist KEY TAKEAWAYS Year-to-date sales through May rose 5.7% from one year ago, the strongest YTD pace since 2021 and higher than the 0.7% increase nationally. Year-to-date sales of million-dollar homes rose at an even stronger YTD pace of 18.4%, the strongest pace since 2021, […]
South Florida 2026-2027 Housing Outlook: Resilience Amid Elevated Mortgage Rates
By Gay Cororaton, MIAMI REALTORS + RWorld Chief Economist Key Takeaways: Mortgage rates are likely to remain elevated in 2026 , with mortgage rates pushing to 6.7% by year -end , with a potential rate hike. Amid elevated mortgage rates, South Florida’s single-family home sales will rise at a modest pace of below […]
Miami Ranks No. 1 for Private Employment Growth in Florida
By Gay Cororaton, MIAMI REALTORS + RWorld Chief Economist Key takeaways: Miami-Dade County led numeric employment gains in 2025, with 10,608 private sector jobs and 102,180 jobs since 2019. Lucie County saw the fastest increase in employment in 2025, up 2%. Palm Beach County saw the largest wage growth, up 8.1% Download […]
South Florida Office Market Ranks No. 1 in Construction Intensity and Leads U.S. in Tight Vacancy
By MIAMI REALTORS + RWorld Chief Economist Gay Cororaton Key Takeaways West Palm Beach-Boca Raton Market Area and the Miami Market Area have the most intense office construction as a percentage of existing office stock among the nation’s 25 largest markets. As of April 2026, 4.68 million square feet of office space is […]
South Florida Affordable Housing Construction Surges Under Live Local Act
By MIAMI REALTORS + RWorld Chief Economist Gay Cororaton As of April 2026, roughly 37,200 units are under construction in South Florida, of which 38% of total units are in Fully Affordable buildings (all residents must meet income criteria) or in Partially Affordable Buildings (some residents need to meet an income criteria). Miami-Dade […]
Wealth Migration Continues to Drive South Florida’s $1M+ Housing Boom
By MIAMI REALTORS® + RWorld Chief Economist Gay Cororaton Key Takeaways Sales that went under contract in April (pending sales) rose 12% year-over-year, the 9th consecutive month of y/y growth . Sales contracts on million-dollar homes rose at an even stronger pace of 29%, the 11th consecutive month of y/y growth. “Million-dollar […]
Port St. Lucie Leads the Nation as America’s Fastest-Growing City
By Gay Cororaton, MIAMI REALTORS® + RWorld Chief Economist For the 5th consecutive year, Port St. Lucie had the fastest population growth among the nation’s 91 largest cities (population of at least 250,000), according to MIAMI REALTORS® + RWorld analysis of the US Census Bureau’s Vintage 2025 population estimates. Over the period July […]
Wealth and Population Growth Push South Florida Land Sales to Six-Year High
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Sales of non-agricultural land in South Florida rose to a high of $7.2 billion in 2025, up 7%. Residential land accounted for 79% of sales. The median sales price of residential land rose to $101 per square foot, up 6% from the prior year […]
South Florida Home Equity Now 1.6x U.S. Average
By MIAMI REALTORS Chief Economist Gay Cororaton Key Takeaways Single-family homeowners who purchased a home 15 years ago in 2011 Q1 have over $500,000 in housing wealth in Miami-Dade County ($589,400), Palm Beach County ($542,800), and Broward County ($509,300), higher than nationally ($308,400). Condominium/townhome owners who purchased a property 15 years ago typically […]