Hot off the presses! Miami Dade SFH 2024 report preview

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