Miami Climbs to 3rd in Monthly Home Price Growth Across Top U.S. Metros
By Gay Cororaton, MIAMI REALTORS Chief Economist The Miami Metro area’s price growth outpaced the nation’s major Sunbelt market in February, according to the latest S&P Cotality Case-Shiller index. In February, the Miami Metro price index (seasonally adjusted) rose 0.8% from the prior month, the third highest among 20 metro areas (next to […]
Miami-Dade Luxury and Ultra-Luxury Price Thresholds Rise as Global CEOs Relocate
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Luxury (top 5%) and ultra-luxury (top 1%) price thresholds rose in 2026 Q1 in Miami-Dade, Broward County, and Palm Beach County. In Miami-Dade County, the single-family luxury threshold rose to $4.1 million while the ultra-luxury threshold rose to $13.6 million. Facebook’s Mark Zuckerberg, Google’s […]
Miami Metro Multifamily is #1 in Occupancy and Rent Growth Among Large South Region Metro Areas
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways In March 2026, the Miami Metro Area had the lowest multifamily vacancy rate at 6.6% and the highest asking rent growth at 0.7% year-over-year among the largest South Region metro areas. Rents rose in 56% of South Florida submarkets. Rent concessions and migration of […]
South Florida Real Estate Continues to Outperform the Nation
By MIAMI REALTORS Chief Economist Gay Cororaton Key Takeaways Homes that went under contract in March (pending sales), a leading indicator of closed sales, rose 9% year-over-year, the 8th consecutive month of y/y growth . Million- dollar pending sales rose at an even stronger pace of 24%, the 10th consecutive month of […]
Miami-Dade Office Sales Rise; South Florida Commercial Fundamentals Strong
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Amid rising macroeconomic risks and geopolitical uncertainty, commercial sales volume in the first quarter of 2026 Q1decreased 1% from one year ago to $2.86 billion. Palm Beach County bucked the decline with commercial sales volume up 80% to $650 million, while sales fell 13% […]
Miami Sees Double-Digit Spike in Domestic Migration; New York, California, and Texas Lead Inflows
By Gay Cororaton, MIAMI REALTORS Chief Economist South Florida continues to see strong out-of-state migration in 2026 Q1 compared to one year, based on driver license exchanges from out-of-state movers, according to Miami Association of REALTORS® (MIAMI) analysis of Florida Highway Safety and Motor Vehicles data. New residents must exchange their out-of-state license […]
Palm Beach County: #1 in the Nation in Net Inflow of Income from Domestic Migration Per Latest IRS Tax Data
Gay Cororaton, Chief Economist Key Takeaways: Palm Beach County is #1 in the nation with largest net flow of income due to domestic migration totaling $22.7 in total from 2019-2023. Florida is the #1 state with largest net income inflow due to domestic migration totaling $137 billion during 2019-2023. Florida is #2 in the […]
Miami Dominates Sunbelt Rental Markets in New Report
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways: Multifamily asking rents rose 0.6% year-over-year in February 2026 in the Miami Metro Area while rents declined in most major Sunbelt markets. High-income renters are supporting the demand for upper tier rentals (B+, A+), with rents up year-over-year in South Florida’s priciest urban core […]
South Florida $1M & Up Home Sales Hit All-time Highs
By MIAMI REALTORS Chief Economist Gay Cororaton Key Takeaways South Florida home sales rose for the second consecutive month in February 2026, up 5.4% overall. Sales of million-dollar single-family sales rose at a robust year-over-year pace of 17.8%, while condominium/townhome sales rose 21.6%, for an overall increase of 18.8%. 3.Year-to-date million-dollar sales through […]
Miami Beach Ranked #2 Largest Vacation Home Market in the U.S.
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Dollar sales volume rose 6.5% in 2025 in South Florida’s 25 vacation home markets, outperforming the 0.2% increase in non-vacation markets. The median sales price in South Florida’s vacation markets rose 6.7% while the median price decreased 8.3% in non-vacation markets. Cash buyers accounted […]