South Florida Homes Continue to Sell Faster than Pre-Pandemic Era
By Gay Cororaton, MIAMI REALTORS Chief Economist Southeast Florida Housing Metrics July 2024 While homes are staying on the market longer compared to one year ago, properties are still selling faster compared to 2019 in Southeast Florida. In July 2024, single-family homes were typically on the market for about a month in Miami-Dade (29 […]
South Florida Single-Family Homeowners Boast $500,000+ in Home Equity, Condo Owners $200,000+ Since 2009
By Gay Cororaton, MIAMI REALTORS Chief Economist Southeast Florida’s robust housing market has created wealth for homeowners in all municipalities and in unincorporated areas (with at least 15 sales per quarter) since the Great Recession. In the Miami Metro area, homeowners who purchased a single-family home at the median sales price in 2009 […]
Pet-Friendly Multifamily Rentals Typically Rent Out for More and in Faster Time
By Gay Cororaton, MIAMI REALTORS Chief Economist During the pandemic, about one in five households or an estimated 23 million households adopted pets. However, pet adoption is waning, resulting in overcrowding in pet shelters. In Miami-Dade County, overcrowding has reached a crisis level such that the county was forced to close its animal shelters […]
Cash Buyers Prop Up Sales in the Jupiter-Tequesta-Hobe Sound Market Area in the First Half of 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist JTHS – Jupiter-Tequesta-Hobe Sound Market Report During 2024 Q2,the dollar volume of homes sales in the JTHS Market area totaled $1.66 billion, down 9% from the same quarter one year ago. However, dollar sales volume rose 1% in the first half of 2024 to $2.92 billion. The […]