Current Market Data

Miami-Dade home sales continue to surge in 2021
Miami-Dade home sales continue to surge in 2021

Purchases from home buyers in tax-burdened states, which began with the 2016 tax reform bill and has accelerated since COVID made remote working commonplace, continue to fuel Miami real estate”– Jennifer Wolman, Chairman of the Board, Miami Association of Realtors

Miami ranks No. 7 best places to retire
Miami ranks No. 7 best places to retire

The report stated that Florida dominated the top spots due largely to “affordable homes, low taxes and high ratings for happiness and desirability.”

Buyers show renewed interest in city living as vaccines bring hope
Buyers show renewed interest in city living as vaccines bring hope

For the first time since March 2020, home-price growth in urban areas surpassed that of suburban and rural locations.

NAR: Southern home prices up nearly 13.6%
NAR: Southern home prices up nearly 13.6%

“Despite the drop in home sales for February — which I would attribute to historically-low inventory — the market is still outperforming pre-pandemic levels.” NAR Chief Economist Lawrence Yun

Low inventory still driving up Miami housing prices
Low inventory still driving up Miami housing prices

The median sale price of a home in Miami was $377,500, a 0.7% increase month over month and an 18% increase over last year.

Millennials dominate homebuyer market as Gen Z enters
Millennials dominate homebuyer market as Gen Z enters

Eighty-eight percent of all homebuyers said they used an agent as a source of information during their search, and 91% of millennials age 22 to 30 said the same.

Large home sales boom as families seek more room
Large home sales boom as families seek more room

Bigger is better when it comes to houses on the market, according to a new report from Realtor.com.

Home ASAP: Three-quarters of brokers saw flat or growing business in 2020
Home ASAP: Three-quarters of brokers saw flat or growing business in 2020

Brokers remain optimistic despite low inventory of homes, the ongoing pandemic and iBuyers.

Homeownership rising for single women, despite pandemic ‘she-session’
Homeownership rising for single women, despite pandemic ‘she-session’

It is not “first comes love, then comes marriage,” but for many women, “first comes homeownership,” according to First American Chief Economist Odeta Kushi.

Underwater homes down in Miami metro
Underwater homes down in Miami metro

Nationally, homeowners with mortgages saw their home equity increase by 16.2% year-over-year from the fourth quarter of 2019.

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