Just Released: Analytics Miami 2025 Q4 Report & Forecast Themes of the week: Wealth Migration • 2025 Q4 Report & Forecast • New Interviews Wealth migration is the theme of the week, and will be the theme of the century. Global HNWI relocations reached record levels in 2025 and still increasing into 2026. Within the United States, a clear trend persists: high value tax payers are relocating and our feeder jurisdictions are predictably increasing their hostilities to capital. The net effects of California billionaire tax are obvious. Recall that Bezos moved to Miami when his home state proposed a wealth tax. He would have accounted for 45% of the theoretical revenue. Today I read that the Netherlands is likely to start taxing unrealized capital gains at 35%. One starts to wonder what these regimes may start doing to curtain inevitable exoduses. Wealth mobility is real. Miami's emergence as a destination for wealth is evident in the year-end and Q4 numbers.
South Florida Real Estate: the truth about inventory
Download my full Q2 2024 Miami Real Estate Report
What is really going on with inventory levels in South Florida? So much press lately about rising inventory in FL and across America.
Here is the reality for Miami Dade, specifically for SFH:
* SFH overall inventory remains 39% below pre Covid, 2019.
* SFH median pricing hit an all time high in June 2024, up 78% versus June 2019 & up 5% YOY.
* SFH active listings below $500K are at all time lows.
They are down a shocking 87% versus pre covid, 2019. And are down 17% YOY.
SFH under $500K is essentially disappearing.
There were 513 active listings in June 2014 versus over 3,500 in June 2019.
Our SFH market is extremely healthy and extremely tight.
Simply put: we cannot add more inventory vertically.
The wealth and talent migration has just begun, and or feeder jurisdictions will continue their hostilities towards capital.
Remember: we are poaching tax payers from blue states that were high lockdown. Our success is in many cases, contrary to their belief systems. Hence the misrepresentation.
But remember: haters are fans too 🙂
#LONGMIAMI
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