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.
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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