South Florida Commercial Sales Jump Double Digits in First Half of 2025
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Commercial sales volume rose 10% to $5.6 billion in the first half of 2025 in the counties of Miami-Dade, Broward, and Palm Beach. The strong growth in office assets ($1.4 billion, +110%) and multifamily ($2 billion, +5%) bolstered sales. Broward County landed the largest […]
Southeast Florida Housing Outlook June 2025 Update: Home Sales Rebound in 2026 as Mortgage Rates Decline to Below 6%
Gay Cororaton, Chief Economist A decline in mortgage rates, the increase in state and local tax (SALT) deduction cap from $10,000 to $40,000, and the implementation of a new condo law (HB 913) that eases the financial burden for condo owners and prospective buyers underpin a projected rebound in home sales in 2026. Download […]
Miami-Dade Out-of-State Driver License Exchanges Are 22% Above Pre-Pandemic
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Out-of-state driver license exchanges in Miami-Dade County are 22% higher in the first half of 2025 compared to the same period in 2019. Out-of-state driver license exchanges in Miami-Dade County rose 1% from one year ago, bucking the overall decline in Florida driver license […]
Miami-Dade Median Single-family Home Price Rose for 162nd Consecutive Month
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Southeast Florida single-family home sales fell in May 2025 amid elevated mortgage rates and a tight supply of affordable homes. Million-dollar homes single-family months’ supply is rising but is still below pre-pandemic level. Median single-family sales prices rose in Miami-Dade County, Palm Beach County, […]
Miami-Dade County Ranks No. 1 for Fastest Employment Growth
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Miami-Dade’s employment growth of 1.1% was the fastest among the 10 largest counties as of the end of 2024. Nationally, employment rose 0.8%. Leisure and hospitality (+2.7%), education and health services (2.2%), and construction (+1. 6%) led Miami-Dade’s employment growth. Average weekly wages rose […]
Miami Ranked No. 1 Office Market in the U.S.
By Gay Cororaton, MIAMI REALTORS Chief Economist Key takeaways The Miami market area posted the lowest office vacancy rate of 15.5% among 25 major markets in April 2025. Nationally, the vacancy rate was 19.7%. The Miami market area also had the highest increase in the average office listing rate, at 15%. Nationally, the average […]
City of Homestead Leads South Florida’s Land Sales Growth of 55% in 2025 Q1
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 55% to 1,512 in 2025 Q1, totaling $1.85 billion, up 40% from one year ago. At the county level, Palm Beach County accounted for the largest land […]
South Florida Cash Buyers More than Two Times the National Figure
By Gay Cororaton, MIAMI REALTORS Chief Economist Key takeaways: Cash buyers accounted for over half of Southeast Florida’s condominium/townhome sales in April 2025. Nationally, 25% of all existing home sales were all-cash sales. Cash buyers accounted for over 65% of million-dollar condominium/townhome sales in April 2025 in the Southeast Florida counties. Cash buyers […]
Thursday, May 22, 2025: South Florida real estate market articles
REALTORS® Shine a Spotlight on Miami Lakes. The Miami Laker’s coverage of MIAMI REALTORS® Miami Lakes City Spotlight https://miamilaker.com/News-Article/realtors-shine-a-spotlight-on-miami-lakes South Florida Single-Family Home Inventory Still Below Pre-Pandemic via MIAMI REALTORS® Chief Economist Gay Cororaton https://www.miamirealtors.com/2025/05/21/south-florida-real-estate-inventory-still-below-pre-pandemic/ Miami ranked No. 1 most expensive office market in the South with asking rents at $56.53/sq. ft., […]
South Florida Single-Family Home Inventory Still Below Pre-Pandemic
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways The inventory of single-family homes for sale in Southeast Florida’s Tri-County area as of the end of May 2025 remains below pre-pandemic levels and are at a healthy level equivalent to 6 months’ supply. Inventory remains tight at the low price-tier with more inventory […]