Miami-Dade: Ranked No. 1 in the U.S. in Jobs Growth
By Gay Cororaton, MIAMI REALTORS Chief Economist Miami-Dade County had the highest employment growth in 2025 Q1 among the nation’s 10 largest counties, according to the latest US Bureau of Labor Statistics Quarterly Census of Employment and Wages. Employment rose 1.5% in Miami-Dade County, outpacing the 0.4% year-over-year increase nationally. Read the […]
Southeast Florida Distressed Sales Remain at Historic Lows
By Gay Cororaton, MIAMI REALTORS Chief Economist The low level of distressed sales is arguably the most telling indicator that today’s housing market is nowhere like that of the Great Recession. Download report HERE. Sales of foreclosed homes and short sales (“distressed sales”) during January-July 2025 in the counties of Southeast Florida fell […]
Southeast Florida Single-Family Inventory at a Healthy 6 Months Supply
By Gay Cororaton, MIAMI REALTORS Chief Economist In July 2025, active inventory of single-family home rose to 6 to 7 months’ supply reflecting a healthy balance of demand and supply: Miami-Dade County (6.6 months’ supply), Broward County (6.0), Palm Beach County (5.5), Martin County (5.6), and St. Lucie County (5.7). The active inventory of […]
Miami-Dade: Most Multifamily Units Under Construction in the U.S.
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Miami-Dade market area is undergoing the most intense construction activity among 90 major markets, adding 18% to existing inventory. The city of Miami accounts for 40% of ongoing multifamily construction in the Tri-County area. Multifamily asking rent rose 1.5% in the Miami MSA […]
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 […]
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 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%), […]