The Federal Reserve just cut rates by 25 basis points, with Powell signaling that two more rate cuts are possible by the end of the year. What does this mean for Miami real estate? The net effect of this will be an increase of monetary flow into the market. Meaning: more money and participants will enter the Miami market. Watch Ana Bozovic's Fox News segments where she touches upon the future of Miami real estate and what is driving the flow of money to the region.
Miami Real Estate: The Truth Behind Inventory Levels
Download my full Q2 2024 Miami Real Estate Report
This video is my general reply to all the fear-mongering click-bait out there that somehow uses Miami pictures, then quotes data from other cities in Florida.
One guy in particular, who shall go unnamed, is talking about "extreme spikes in Miami inventory" while using maps of aggregate data pertaining to listing prices - and none of it is specific to Miami.
So this report and video are very specific to the city of Miami. All data is MLS data.
Inventory is through July 2024.
All cash % are for the first half of 2024.
City of Miami SFH inventory, end of July 2024: 31% below July 2019, pre Covid
City of Miami condo inventory:
35% below pre covid.
So while the condo market has seen a recent uptick in inventory, none of this is bad when we consider the precipitous drops and spikes in median pricing that preceded all of this.
And let's not forget all cash percentages.
This is an objective analysis.
No segmentation here, just the general market.
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