Home sales in Miami, FL have collapsed.
Down 48% from their pandemic peak. Miami has experienced the largest drop in buyer demand of any large metro area in the last 3 years.
Prices in Miami are still high. But could start dropping in 2025 as a result of this monumental collapse in demand.
Home sales in Miami, FL have collapsed.
Down 48% from their pandemic peak. Miami has experienced the largest drop in buyer demand of any large metro area in the last 3 years.
Prices in Miami are still high. But could start dropping in 2025 as a result of this monumental… pic.twitter.com/PUDiDBKOh7
— Nick Gerli (@nickgerli1) December 4, 2024
2) Despite these declines in buyer interest, prices in Miami are still holding.
Data available on Reventure App shows values up +5.8% YoY in Miami-Dade County through October 2024.
To a typical value of $527,000 across the county.
Access the map here: https://t.co/vbdgvpLyxY pic.twitter.com/EjPoyDhyVu
— Nick Gerli (@nickgerli1) December 4, 2024