Current Market Data

Resilient Miami Condo Market Record Sales
Average South Florida home price has more than doubled since 2018

A four-year snapshot of South Florida’s average home and condo prices gives perspective to the real estate boom over that same time frame.

Mortgage applications fall as rates hit 13-year high 

Overall mortgage-application volume was at its lowest level since 2018, the Mortgage Bankers Association said.

Home prices climb nationally and in Miami, which ranks No. 3 for annual percentage growth

Within the 20-City Composite Home Price Index, Phoenix (32.9%), Tampa (32.6%) and Miami (29.7%) showed the biggest annual percentage growth. 

New-home sales fall again in March 

Low inventory and rising interest rates have reduced prospective homebuyer purchasing power. 

Property taxes across the U.S. rose to $328 billion in 2021

Property taxes across the U.S rose last year, but the hike was much lower than in 2020, according to a new report.  ATTOM found in its 2021 property tax analysis of almost 87 million single-family homes, $328 billion in

Florida ranked No. 1 state for retirement

The annual report uses 13 data sources and reader feedback to measure states on cost of living, quality of life, health care and other categories.

South Florida’s luxury condo market surges

Transactions involving condos of $1 million or more grew by 31.2% in the first quarter of the year compared to the same period last year.

Median home prices jump by $100k in Palm Beach, Broward counties while inventory sinks

In Palm Beach County, the median single-family home price increased 23% year over year, from $440,000 in March 2021 to $541,000 in the same month this year.

NAR data shows another dip in existing-home sales 

Rising interest rates and home prices have taken a toll on would-be homebuyers’ purchasing power, leading to increased inventory and another monthly slowdown in sales. 

Overall new-home construction rises in March despite slowdown in single-family

Single-family home starts declined compared to February, while new apartment construction was up, according to government statistics.

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