New York Counties Continue to Lead Migration Into Southeast Florida
By Gay Cororaton, MIAMI REALTORS Chief Economist Key takeaways New York counties (New York County, Nassau County, Suffolk County) and Los Angeles were the top out-of-state origins of movers to Southeast Florida in 2025 Q2. A widening tax differential between Florida and New York could further bolster the migration of New Yorkers, particularly in […]
40 Southeast Florida Cities Have a $1 Million+ Median Home Sales Price
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Forty Southeast Florida areas now have a median sales price of $1 million or more, up from 17 areas in 2019, with Boca Raton as the largest million-dollar market. Year-to-date million-dollar sales accounted for 25% of sales in Miami-Dade, up from 8% during the […]
Miami is America’s Leader in Apartment Construction and Rents on Larger Buildings Are Increasing
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways The average rent per unit in buildings with over 50 units rose at a modest year-over-year pace of 0.8% in the Miami market area as completions outpaced net absorption. Workforce rental housing rents rose faster at 2.7% while rents in higher tier rental units […]
Southeast Florida Single-Family and Condo Sales Surge Double Digits Year-over-Year
By MIAMI REALTORS Chief Economist Gay Cororaton Key Takeaways: Single-family and condominium/townhome closed sales surged a remarkable 13% across all five Southeast Florida counties in September 2025, with the million-dollar segment accounting for the largest increase in single-family home sales. Pending sales rose 9%. The median single-family sale prices rose in the counties […]
Fort Lauderdale Ranked. No. 1 in Multifamily Investment Profitability
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Fort Lauderdale led 30 market areas in multifamily investment profitability, with the highest cap rate of 6.3%, according to Yardi Matrix. Net absorption in the first three quarters of 2025 outpaced new deliveries of multifamily units in the Fort Lauderdale market area, resulting in […]
Miami-Dade County Land Sales Surge; Fueled by Population and Job Gains
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Land sales in Southeast Florida rose to $4.8 billion in the first three quarters of 2025, up 3% from one year ago. Miami-Dade County land sales drove the increase, with $2.1 billion in sales, up 111% from one year ago. The median land residential […]
Southeast Florida Commercial Sales Volume Rose 18% to $9.6 Billion in 2025 Q1-Q3
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Commercial sales rose to $9.6 billion in the first three quarters of 2025 in the counties of Miami-Dade, Broward, and Palm Beach, up 18% from one year ago. Miami-Dade County had the largest sales volume ($4.4 billion, +30%), but Broward County posted the highest […]
California-to-Miami Migration Trend Accelerates
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways: Miami-Dade County out-of-state driver license exchanges rose 3% in 2025 Q1-Q3. California is the fastest-growing source of out-of-state driver license exchanges, up 66% vs. 2019. Stronger employment conditions particularly in the tech sector in South Florida vis-a-vis California are driving migration flows. Over the […]
5 Reasons Miami’s Appreciation Reflects Real Market Fundamentals
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways: Single-family home prices have increased sharply in Miami-Dade County since the pandemic, up 77% as of August 2025 compared to 2019, outpacing the wage growth of 29%. Miami-Dade’s robust price appreciation is sustainable because underwriting conditions today are more stringent today than prior […]
MIAMI REALTORS® Chief Economist Gay Cororaton on the Dinero Y Mas Podcast. Gay Cororaton provides an overview of the residential market, highlighting buyer momentum and inventory changes.
In this episode of Dinero y Mas, Raul Mas discusses the current state of financial markets, real estate trends, and economic insights with expert guests Gay Cororaton and Alfredo Faubel. The post MIAMI REALTORS® Chief Economist Gay Cororaton on the Dinero Y Mas Podcast. Gay Cororaton provides an overview of the residential market, highlighting […]