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.
Hot off the presses! Miami Dade SFH 2024 report preview
Hot off the presses!
Miami Dade SFH 2024 report preview. Full 2024 year end report and 2025 forecast coming next week.
Median price at all time highs, inventory 36% below pre covid (2019).
This should provide plenty of ammo to retort the negative, click bait generated by legacy media.
Annual data is simple to understand and the truth is clear.
Download my full Q3 2024 Miami Real Estate Report
This is an overview snapshot of what I will be releasing in my annual report.
2024 median price: $660K
Up 8.2% vs 2023.
Up 80% vs 2019 (pre Covid)
December 2024 was an all time high at $685K. Up 12.2% vs Dec 2023.
Active listings:
up 16% YOY
down 26% vs 2019 (pre Covid)
As I keep saying
market segments that are solutions for the wealth and talent migration are outperforming pre Covid realities.
Miami Dade SFH $1M+ annual transaction volume:
+ 16% YOY
+ 145% vs 2019
Every segment off the single family home market past $500K was up YOY, if not at all time highs.
The transaction volume losses the press loves to report on are at lower price points. And largely because inventory has all but disappeared at those price points.
The Miami Dade single family home market is extremely strong and robust, with inherent scarcity. we cannot add more inventory vertically and people will keep moving here.
Google my analysis of 2023 interstate mgiration, the Daily Mail had two articles that used it. This is just the beginning.
#LongMiami
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I personally work with a select number of buyers every month.
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