Buying a home in Miami? Here’s the down payment you need to afford it.

The median price of a single-family home sold in the county rose for the 150th month in a row, a new record. 

The record-breaking sales price comes as the pace of transactions slid from April, the National Association of REALTORS® said. 

With warm weather heating up much of the United States, many homeowners are craving new summer styles for their living spaces.

At the same time, inventory also rose in all three South Florida counties.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index has hit a new record for six of the last 12 months, as demand remains strong in the face of tight inventory.

At the same time, the median price of a new home sold in April declined as well. 

At the same time, the median prices for single-family homes and condominiums also gained ground. 

The city saw a 31.2% annual jump in new listings in April and a 54% surge in months’ supply, according to the latest RE/MAX National Housing Report. 

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Home sales in Miami-Dade, Broward and Palm Beach counties declined as inventory increased.

Online English-learning platform Preply analyzed the 75 largest U.S. cities based on a variety of factors, and Miami took the top spot. 

Architecture Lab ranked every U.S. state based on the difference between average home values in 2013 and 2023; Florida ranked No. 2.

Apartment Advisor analyzed 98 major cities in the United States based on cost of living, entertainment availability, mobility and overall opportunities for residents. Miami came in No. 7.

In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.