Current Market Data

For-sale inventory snaps 5-year losing streak

Changing tides in the national real estate market are leading to the most widespread inventory increases seen in at least five years. According to data collected by Zillow, for the first time since 2014, the U.S. housing market posted

Above-list home sales fall as supply pressures ease

By the end of 2018, far fewer homes across the U.S. were selling for more than their list price, according to a recent report from Zillow. However, a close examination of the data shows that may not be a

Miami home, condo prices finish higher in Q4

Median prices for single-family homes and condos in the Miami area grew at a faster rate than the national average in the final quarter of 2018, according to the latest data from the National Association of Realtors. Compared to

Low mortgage rates fuel housing market outlook

Only a few months ago, most economists, mortgage lenders and others who closely track the mortgage market assumed interest rates would continue rising through 2019, driving up the cost of home purchases. But several weeks into the new year,

Profit for home sellers hits 12-year high

In a year defined by rising home prices, sellers fared well in 2018, according to a new report from Attom Data Solutions. Based on its analysis of public sales records across metro areas with at least 200,000 residents, the

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Florida pulls ahead in US job creation

Florida posted one of the highest rates of job creation in the U.S. for 2018, helping lift the entire southern region to the top regional rate of job growth. According to the Bureau of Labor Statistics, the Sunshine State’s

Mid-market home sales grow in otherwise cool December

While December home sales locally and nationally failed to meet expectations, certain sectors of the Miami housing market still saw growth in what was otherwise a dull finish to the year. According to data from the Miami Association of

Price cuts improve affordability for new construction buyers

The residential property market continues to look better for prospective buyers as the trend of falling prices extends into the new construction segment. In the fourth quarter of 2018, according to data from Zillow, more than a quarter of

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December home sales show market headwinds subsiding

The most recent existing home sales report from the National Association of Realtors found sales volumes decline on both a monthly and annual basis in the final weeks of 2018. December home closings touched their lowest annual rate since

Home listing growth accelerates to near 4-year high

At a key moment for the U.S. housing market, Redfin found more evidence that homebuyers are entering 2019 in perhaps the strongest position in years. The number of homes for sale in the nation’s largest markets grew 4.8 percent

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South Florida home sales over $1 million increased in 2018

More South Florida homes and condos sold for at least $1 million in 2018 compared to the previous year, according to a luxury market report from The Keyes Company. Across Miami-Dade, Broward, Palm Beach and Martin Counties, single-family home

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Miami suburbs see spike in renter population

Renting has long been more popular than homeownership in some areas, but it’s increasingly shifting from a strictly urban phenomenon to a suburban one. According to data analyzed by RENTCafé, a few Miami-area suburbs ranked near the top of

Case-Shiller price index flat in October, shifting power to buyers

Conditions continue to improve for homebuyers in many of the largest U.S. cities, according to recent data from S&P CoreLogic’s Case-Shiller National Home Price Index and Redfin. The latest reading of the closely watched Case-Shiller index found home price growth

Miami condo sales grew in November, statewide home sales up

Bucking national trends, the Miami area and Florida as a whole recorded another strong month for sales in November, according to data from Florida Realtors released Dec. 19. In the Miami-Fort Lauderdale-West Palm Beach metro area, single family home sales

Existing home sales grow in November on inventory gains

The National Association of Realtors reported Wednesday that existing home sales in November were up 1.9 percent from the previous month. That makes November the second consecutive month of increasing home sales as prices continue to moderate and listings

Florida leads nation in growth of first-time homebuyer rates

First-time homebuyers made up the largest share of the U.S. home purchase market since 2005 during the first nine months of 2018, according to a recent report from Genworth Mortgage Insurance. Florida in particular has seen its first-time buyer

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