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 […]
Miami Ranked No. 11 in U.S. For Largest Population Increase
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Nearly all of Southeast Florida’s incorporated places (105 out of 107) saw a gain in population during July 2023 through July 2024, led by the city of Miami with a population gain of 16,337 people. Population rose at a robust pace of 3.5% outpacing […]
Miami MSA Continues to Attract Tech and Finance Jobs from New York, California, and Illinois
By Gay Cororaton MIAMI REALTORS(R) Chief Economist Key Takeaways The Miami Metro Area gained 24,300 jobs on a net basis from other states during 2020 Q1 – 2024 Q1, with the largest net job inflows from New York (+17,491), New Jersey (+6,209), and California (+4,707). Among jobs that originated from other states […]
Miami MSA Ranks No. 1 in the U.S. in Fastest Employment Growth and Lowest Unemployment
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways The Miami-Miami Beach-Kendall metropolitan division posted the fastest nonfarm employment growth in March 2025 among the nation’s 37 metropolitan divisions in the largest 13 metro areas, up 1.6% (vs. 1.2% nationally). Among the 13 largest metropolitan areas, the Miami-Fort Lauderdale-West Palm Beach Metropolitan […]
Miami Ranked No. 1 in U.S. in Multifamily Construction
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways The Miami market area is undergoing the most intense construction activity among the largest 90 metro areas as of 2025 Q1, with 32,014 units under construction, adding 23.8% to the existing inventory. The typical multifamily asking rent growth in the Miami Metro area […]
Southeast Florida’s Million-Dollar Sales Rose 4% in 2025 Q1
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Single-family home sales in the first quarter declined 1.3% from one year ago, but sales rose in Palm Beach County and in Broward County. Condominium/townhome sales fell 10.2% overall and declined in all counties. While overall sales declined, million-dollar sales rose 3.7%. Majority of […]
Port St. Lucie Ranks No. 1 Among Top Southeast Florida Zip Codes People Moved To in 2024
By Gay Cororaton, MIAMI REALTORS Chief Economist There are various data sources that track migration, and while all these sources are excellent and reliable sources for understanding flows, there are limitations to these data. Public data sources such as the US Census Bureau’s American Community Survey and the Internal Revenue Service[1] migration flows […]
2025-2026 Southeast Florida Housing Outlook: Modest Home Sales and Price Growth
By Gay Cororaton, MIAMI REALTORS Chief Economist Key Takeaways Mortgage rates could fall to 6.3% by year-end amid rising economic risks. Single-family home sales will modestly increase in 2025 with high-income buyers driving growth. Single-family home prices will continue to appreciate at below 5% with inventory hovering at 6 months’ supply. Access […]