Buyer Momentum Strengthens in Miami Market Area in August 2025
By Gay Cororaton, Chief Economist, MIAMI Realtors® Key Takeaways Single-family pending sales rose 4.7% while condominium/townhome sales rose 0.9% in August 2025. The median single-family sales price rose 2.3% in Miami-Dade County in August for the 14th year, with the largest price increase in Broward County (3.1%) Million-dollar condo/townhome sales rose 10.8% in […]
New York Developer and WeWork Founder Lead Miami’s Largest Multifamily Development
By Gay Cororaton, Chief Economist, MIAMI Realtors® Key Takeaways 35,000 multifamily units expected to be delivered in the Miami-Fort Lauderdale-Palm Beach market area in 2025-2026. 40% of new multifamily units are in Miami with a New York-based company and WeWork founder leading the largest development projects. Condo rents in buildings built after 2010 […]
Southeast Florida Home Sales to Rebound in 2026 as Mortgage Rates Hit 6%
By Gay Cororaton, Chief Economist, MIAMI Realtors® Key Takeaways Mortgage rates are likely to stabilize at 6% in 2026 from 6.7% in 2025. Single-family sales are likely to rebound 5% in 2026 while single-family home sales prices will increase at stronger pace of 3.4% as inventory tightens to 5.1 months’ supply. The million-dollar […]
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 […]