Luxury real estate is in high demand in Florida’s housing market, as November alone saw 55% more sales than listings, according to a report by the Institute for Luxury Home Marketing.

Standard International and Rosso Development recently announced the launch of The Standard Residences in Midtown Miami, the first of its kind in the area, according to a press release.

The Estate Companies (EIG) and PTM Partners (PTM) have announced the completion of Soleste Grand Central, a 360-unit rental development located at 218 NW 8th St.

A Douglas Elliman agent has listed South Florida’s “Monarch Estate” for $14 million, according to a press release. Known for the butterfly sanctuary on its 1.5-acre grounds, the 12,000-square-foot home at 3030 Meadow Ln. is located in the Windmill Ranch Estates community, just north of Miami.

“If I had to choose only one word to describe September 2021’s housing price data, the word would be ‘deceleration. Housing prices continued to show remarkable strength in September, though the pace of price increases declined slightly.” — S&P DJI managing director Craig Lazzara.

Home prices in eight Florida metro areas were significantly higher than the average price in the rest of the country, according to the Federal Housing Finance Agency House Price Index (FHFA HPI).

“Motivated by fast-rising rents and the anticipated increase in mortgage rates, consumers that are on strong financial footing are signing contracts to purchase a home sooner rather than later.” — NAR chief economist Lawrence Yun

While the housing market may be hotter than usual, the shift toward seasonal norms is starting to show and could benefit both buyers and renters. 

The demand for housing in the U.S. has reached a new all-time high since 2017, a rare occurrence for this time of year when the market typically slows. According to a Redfin report, a recovering economy and all-time low mortgage rates are critical factors in the current market. 

The seasonally adjusted estimate of new houses for sale at the end of September was 389,000, representing a supply of 6.3 months at the current sales rate, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.

As the economy recovers from COVID and the housing market gains traction, homeownership is top of mind for Americans, according to the latest survey from Coldwell Banker Real Estate LLC.

The National Association of Realtors (NAR) has partnered with Panorama Travel Solutions to offer exclusive travel deals and discounts through the NAR Travel Club.

The DeMarco Real Estate Group, RE/MAX 5 Star Realty and Hollywood, Fla., Mayor Josh Levy joined forces on Nov. 21 to hand out over 200 complete Thanksgiving meal kits to members of the local community.

Miami-Dade County broke its record for the most annual home sales in only 10 months as October transactions surged year-over-year, according to a report by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS).

As dramatic rent prices impact states across the nation, renters are searching for more affordable places to call home. Nationally, the median rent price is up over 16% since January, with some cities seeing double that, according to a recent Apartment List report.

The new REALTORS® Confidence Index survey is here, and thousands of Realtors have weighed in to reveal the current shape of the housing market.