May residential sales increase to nearly $7B in South Florida
Home sales rose across Miami-Dade, Broward and Palm Beach, with sales volume totaling $6.6 billion last month, according to reports from the Miami Association of...
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Miami Real Estate Posts Best May Sales Month in History; Existing Condo Sales Jump 286.5% as Buyers Act on Healthy Inventory
MIAMI — Miami-Dade County real estate posted its best May sales month in history as pent-up demand, more U.S. individuals and companies moving to South...
Broward Total Home Sales Continue Rising in May 2021; Luxury Home Sales Jump 343.6% Year-over-Year
MIAMI — Broward County total home sales posted a double-digit increase for the ninth consecutive month in May 2021 as pent-up demand and record-low mortgage...
Palm Beach County Home Sales Continue Surging; Luxury Home Sales Jump 236.2% Year-over-Year
MIAMI — Palm Beach County real estate posted another robust month of total home sales in May 2021 as pent-up demand and record-low mortgage rates...
Miami Distressed Sales Stay Low, Reflecting Healthy Market
Only 1.5% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 4.2% in April...
Miami Dollar Volume Totals $3.5 Billion, Showcasing Impact Housing Plays in Local Economy
While other industries struggled over the past year, housing lifted the economy nationally and locally. For every two homes sold in the U.S., one job...
Miami Homeowners’ Home Equity Continues Surging as Many Pay Lower Mortgage Payments
With interest rates still at record lows, many South Florida homeowners have refinanced their home loans. So not only are many homeowners paying lower mortgage...
Miami remains a bargain compared to other global cities
In Miami, $1 million can net homebuyers 85 square meters of prime property, according to Knight Frank’s 2021 The Wealth Report. Monaco (15 square meters),...
Miami Luxury Sales Jump as Northeast and West Coast Buyers Move to Mega Region
Miami single-family luxury ($1-million-and-up) transactions jumped 541.1% year-over-year to 359 sales in April 2021. Miami existing condo luxury ($1-million-and-up) sales increased 540.8% year-over-year to 314...
Miami-Dade County real estate posted its best April sales month in history
The Miami Association of Realtors recently reported that Miami-Dade County real estate posted its best April sales month in history as pent-up demand, more U.S....