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Miami Boasts High Price Per Square Foot Increases

by Peter Thomas Ricci

May was another banner month on the price per square foot front, according to the latest numbers from Movoto.

Price per square foot in the Miami housing market rose a very healthy 15.7 percent year-over-year in May, increasing from $172 a square foot to $199, according to the latest State of the Market report by Movoto.

That was not only a typically strong yearly increase for Miami’s market, but the third strongest in the nation among large metro areas.

To get a better idea of how Miami stacked up with other major metro areas, take a look at our graphs below:

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