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Q2 2022 Miami Real Estate Report & Forecast
Wealth and talent continues to move to Miami, as $1M+ transaction volume continues to set records.
A major shift in focus is underway.
$1M+ Sales At Record High
Transaction volume above $1M continued to set records. Q2 2022 had 21% more sales than Q2 2021. Notably, June 2022 set records with 20% YOY growth past $1M. While sales volume is falling across the country, Miami $1M+ continues to grow and was 54% all cash in Q2 2022.
<$1M Sales Fall to Pre Covid Levels
Sub $1M sales took a dive in Q2 2022. The drop in sales volume accelerated into June, with the month recording 32% fewer sales than June 2021. While sales volume is at pre-Covid levels, inventory remains down more than 50% and median days to sell is at lows. The market has a floor.
Q2 2022 South Florida Real Estate Report & Forecast
South Florida’s cash tsunami and the Great Pandemic Migration are reshaping America.
A major shift in focus is underway.
$1M+ Sales Are Strong
Sales volume past $1M remains almost 3x pre-Covid levels. Tri-county, sales dipped 5% YOY while all cash purchasing held strong at 64%. This market segment is positioned to keep benefitting from the reshaping of America that is underway.
<$1M Sales Fall to Pre Covid Levels
Sub $1M sales took a dive in Q2 2022. The drop in sales volume accelerated into June, with the month recording 32% fewer sales than June 2021. While sales volume is at pre-Covid levels, inventory remains down 60% and median days to sell is at lows. The market has a floor.
Interview with David Abrams, CEO & Founder of Masonre
April, 2022
We covered Miami real estate, the world, and the power of being limitless.
The 2022 Miami Real Estate Forecast | Part 1 Is this Market Sustainable?
February, 2022
Where is the Miami Real Estate Market Going in 2022?
In this first part of our 2022 Miami Real Estate Forecast I sit down with Ana Bozovic. Ana is a Miami real estate analyst and the owner of Analytics Miami. We had an in-depth conversation discussing today's market and its sustainability. We went in-depth on what drives this market, and what can potential weaken or strengthen it.
