According to a new report from Redfin, the technology-powered real estate brokerage, the median home-sale price in Miami rose 17% from a year earlier during the four weeks ending August 27. This was the biggest increase the metro area has seen since October 2022.
According to a new Redfin report, the increase in condominium prices was caused in part by a shortage of house listings causing shoppers to look at condos instead.The median condo price in Miami rose to $383,000, an increase of nearly 33 percent year-over-year. Inventory fell by roughly 30 percent over the same period. CLICK ON THE HEADLINE FOR MORE
Florida has become a particularly popular destination this year as remote workers and retirees flock to the state in search of beaches, warm weather, low taxes and more affordable housing than big cities. Net inflow into Miami has nearly tripled since this time last year. CLICK ON THE HEADLINE FOR MORE