Current Market Data

Florida home sales improve in April

Home sales in the Miami area and throughout Florida rebounded decisively in April after a sluggish start to the year, based on new data released by the Florida Realtors association May 21. In the Miami metro area spanning across

Miami is still drawing homebuyers from around the US

Miami remains one of the top destinations for Americans looking to move elsewhere, according to a recent analysis from Redfin. The online home listing company compiled data from approximately 1 million users who searched for homes for sale on

Builders bullish on 55+ market, but labor shortages loom

Industry confidence in the single-family housing market for older adults reached an all-time high last quarter. The National Association of Home Builders’ 55+ Housing Market Index continued its recent incline with a reading of 72, up six points from

Low rates, new tax laws propel Miami condo sales

Condo sales drove big gains in the Miami housing market last month, thanks in part to the continuing impact of the new federal tax code and, in a more recent development, a decline in mortgage rates. According to the

An open house can make a difference in Miami

Hosting an open house event within a week of listing a home on the market may help that listing sell faster and for slightly more money in Miami. But in other parts of the U.S., not so much, according

US home sales fall back to earth in March

After a strong nationwide rebound in February’s home sales figures, purchase activity resumed its downward trajectory in March. According to the National Association of Realtors’ existing-home sales report released April 22, completed transactions fell 4.9 percent between February and

Q1 Miami market recap: Price gains, slower sales

Buyers and sellers across the Miami area faced favorable prospects in the first three months of the year, according to a report from Douglas Elliman Florida compiled with the help of Miller Samuel Inc. Overall, though, it was a

Luxury condo market posts big price gains

In the first quarter of 2019, luxury condos for sale throughout South Florida showed significant price gains compared to a year ago. According to the latest quarterly report on the region’s luxury home and condo market from The Keyes

Hispanics the only ethnic group with net growth in US homeownership

In the decade following the housing crisis, Hispanic and Latino populations accounted for the majority of growth in the U.S. homeownership rate, according to a recent report from the National Association of Hispanic Real Estate Professionals. The 2018 “State

Consumer confidence in housing market surges

Surveys of American consumers continue to point to renewed optimism in the housing market. Fannie Mae’s Home Purchase Sentiment Index approached an all-time high reading in March, gaining five points over February to reach 89.8. This was driven by

Florida leads nation in job growth, construction hiring

In a strong sign for the local housing market and economy, new data from the U.S. Department of Labor showed Florida added the most employees of any state in February, the latest month for which state-level data were available.

Price cuts were the norm for Miami listings in Q1

Miami has been a boon for homebuyers lately, as more developers work to move new homes and condos off the market in the wake of a yearslong building boom. To make it happen, price cuts have become common across

Bidding wars down significantly in Miami this month

Miami joins many cities across the country in posting a steep drop in the percentage of homebuyers facing competition to get to the closing table. That’s per a new study by Redfin, which compares the percentage of buyers who

Will buyers rule the market this spring?

The coming spring season, when home sales usually take off, could be a great one for buyers as the stars align in their favor: Mortgage rates are low, inventory levels are higher and price growth has slowed. Already, home

Home sales surge ahead of spring

For real estate agents, spring may have arrived early this year. After a string of anemic reports through the winter, home sales numbers picked up across the U.S. in February. The National Association of Realtors reported that existing home

More Americans say now is a good time to buy a home

The state of the U.S. housing market has shifted rapidly in the last few months, but are consumers keeping up? A new survey from the National Association of Realtors makes the case that low mortgage rates and increased inventory

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