Current Market Data

Is Miami the new NYC?

South Florida real estate has fared far better than New York during the pandemic, largely because New Yorkers are moving to South Florida. Dawn Pfaff, president of My State MLS, weighs in with the data.

Miami homebuyers faced higher prices, lower inventory in September

This year, buyers encountered a 21% decrease in listings from the beginning of 2020, along with a 17% price increase to about $20,000 more than anticipated.

Pending Home Sales hit record high; rally expected to continue

August contract signings exceeded pre-pandemic levels, according to the latest Pending Homes Sales Index from the National Association of Realtors.

Miami home prices up in July

The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index shows home prices continued to rise at a modest rate across the country in July.

Miami homebuyers rush to the suburbs

“Based on the rising popularity of the burbs, some buyers might think they can catch a break by searching in the city, but unfortunately that’s not the case,” realtor.com Chief Economist Danielle Hale said.

Homebuyers: ‘We want green homes’

Sustainable practices in real estate can increase sales and boost the community, according to a new study.

Home price increase doubles pre-pandemic rate

It was another week of firsts with the increase in home prices more than doubling the rate recorded in January 2020.

A tale of two markets: Luxury home sales surge, while existing condo sales slide

It’s a seller’s market for luxury single-family homes and a buyer’s market for existing condos, according to the latest data from MIAMI Realtors.

Who’s doing better in home sales, liberals or conservatives?

A new report by Redfin shows counties of both political stripes are benefiting from a booming real estate market. See how the numbers break down.

The future is in single-family built-for-rentals, according to a new report

A new report from RCLCO says the single-family rental market is likely be undersupplied over the next 10 years, presenting a strong opportunity for investors, builders and developers to create new rental home communities.

Existing-home sales reach 14-year high in August

Total existing-home sales rose to an annualized rate of 6 million in August, the highest level since December 2006, according to the National Association of Realtors.

Housing market potential reaches highest level since 2007

A new report form First American Financial Corporation shows strong fundamentals like demographic demand and low interest rates are propelling housing market potential.

American homeowners got a little richer in Q2, though slowdown in equity growth predicted

A new report from CoreLogic shows homeowners gained over $620 billion in equity in Q2 2020.

Single-family construction up, multi-family construction down

The latest New Residential Construction report points to builder momentum, though supply-side challenges linger.

RE/MAX: Miami median sales price up 15.4% from 2019

RE/MAX home sales across the nation were up 4.3% year over year, making it the third best month for home sales in the 13-year history of the report.

Mortgage applications down slightly as some consumers wait for another rate drop

A new report from the Mortgage Bankers Association shows a slight drop in mortgage application volume amid expectations of further mortgage rate reductions.

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