It’s a seller’s market with single-family home sales, statewide in April, closing 33,264 homes and condo-townhouse sales totaling 17,330. Those year-over-year increases were 55.4% for single-family homes and 130.9% for condos.

KAR Properties and Fortune International Group have bought the remaining 81-unit inventory.

Ciardelli was represented by Morgan Blittner with Brown Harris Stevens, and the sellers, Ivan and Moss Kadey, were represented by Ruthie and Ethan Assouline with The Assouline Team at Compass.

While the competition was not quite as strong across Miami, the 54.2% rate on offers this past April was a slight bump from the 52.8% rate in March, and a dramatic rise from the 30.6% rate from April 2020.

The survey showed that 86% of dog owners said dog-friendly features — such as having a dog door or access to a dog park — are a large part of their decision-making process, and 84% are willing to spend more for these features.

Multifamily rents rose nationally in April indicating ongoing recovery from the pandemic, according to the latest Yardi Matrix Multifamily National Report.

The housing market hit records last month as home prices reached an all-time high and homes sold faster than ever. 

Low mortgage rates and low inventory levels are making the demand for homebuilding more attractive to buyers in Miami and nationwide.

Condo developer seeing new buyers from California, New York and south Florida.

In 40% of metro areas analyzed, home prices in the first quarter hit or tied new peaks according to the report, including Miami. 

Landsea Homes Corporation, a residential homebuilder based in Newport Beach, California, has entered into an agreement to acquire Vintage Estate Homes, a Florida-based homebuilder, for $54.6 million. Vintage Estate Homes employees are expected to transition and become part of

Homes stayed on the market for 19 days less than they did last year, at an average of 72 days.

The boost in inventory shows signs of seasonal norms as supply starts to catch up with demand.

Rent rates nationwide have been decreasing since the onset of the pandemic, but new data shows that in some cities, this could be changing in the near future.

The housing supply shortage is expected to get more extreme as homebuyer demand continues to outweigh inventory levels, a new study found.

Rising wages and falling mortgage rates are helping keep homeownership within reach of average wage earners nationwide despite surges in housing prices.