Trump won the election, what does that mean for South Florida & Miami real estate? Journalist Brian Bandel asked me that question the day after the election. And this is what I told the South Florida Business Journal: “Given the team that he has assembled, most notably Elon Musk, I believe that a Trump presidency will be aligned with entrepreneurs and creators,” Bozovic said. “Since South Florida is attracting tax payers and creators, our housing market will be further super charged by an administration that fosters entrepreneurship.” And I stand by every word of that. Furthermore, I feel that a subconscious pause has been lifted in the aftermath of the election. The next wave forward is about to commence. And note: I am compiling October numbers. As per my thesis, the SFH market continues to hit all time highs. End user product within proximity of the urban core is a strong play.
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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