Miami Real Estate Market Reports
Relevant statistics, visuals, and trends relating to Miami's ever-evolving residential market.
The city is near the bottom of LendingTree’s new list
Miami’s proportion of renters is 68 percent
Trailing only Los Angeles (total value of $2.7 trillion), New York (2.6 trillion), and Washington (996.7 trillion), the total value of Miami’s housing market is an estimated 864.2 billion.
In looking at the median rent for one bedroom apartments across the Miami metro area, we learn Homestead and Sunrise are are producing some of the fastest-rising figures in the region.
Miami remains No. 9 in the country
A new report by Zillow
The perpetually bustling Lincoln Road in Miami Beach continues to be among the Americas’ most expensive retail streets, according to a new study.
Miami’s rental market hasn’t changed much within the last year in terms of pricing, with median one-bedroom apartments at $1,800.
Miami rents are dipping across many popular neighborhoods. While rent in the city itself still remains expensive, areas like South Beach and Downtown have shown sizable decreases
Earlier this week we published a post highlighting how the Miami metro area (Miami-Fort Lauderdale-West Palm Beach) has the highest share of low-income renters with the "worst case needs" in the country.
While last quarter’s Elliman Report saw a housing market becoming more stable across Miami and Miami Beach, this quarter’s report reflects the two areas continuing to improve in health.
While rents have largely remained flat across Miami for months, that doesn’t mean the city’s most popular neighborhoods are becoming more affordable.
While the U.S. housing market has yet to recover as a whole from the Great Recession, with a little over a third of homes (34%) surpassing their pre-recession value, Miami’s housing market is far lower than the national average with just 10.8 percent of homes recovering.
Earlier this morning we took a closer look at overall first quarter sales trends in both the Miami coastal mainland and Miami Beach (and its barrier islands). Now we’ll focus on the most recent sales figures but on a more localized level.
While Miami continues to rank ninth in the country in median rent for one-bedroom units at $1800, Fort Lauderdale has climbed up to No. 12 with the same units priced at $1590.
Among the highlights of the latest Elliman Report covering the first quarter of 2017, authored by Jonathan Miller of Miller Samuel, is the overall housing market for both the Miami coastal mainland and Miami Beach and its barrier Islands is becoming more stable.
Miami, Miami Beach, and Boca Raton are the three most expensive areas to rent, according to Zumper, which looked at over 56,000 active listings in March across 18 areas throughout South Florida.
A higher percentage of Millennials are living at home in the Miami-area (Miami-Fort Lauderdale-West Palm Beach) than any of the other 15 Metropolitan Statistical Areas, (a population of 1 million and up).
Miami is the worst city for apartment renters this year, according to a study by Forbes, which analyzed 46 cities across various metrics such as "rent as a share of household income."
Miami residents need to earn an annual salary of around $67,000 to be able to afford a median-price home of $310,000, according to a national study from HSH that looked at 27 metro areas across the country.
A new quarterly map showing Miami rents organized by neighborhood indicates prices have remained strong in surging core areas like Brickell, downtown Miami, and Edgewater.
While Miami being named as the 109th best city to be a real estate agent isn’t exactly something to be proud of, it does mark some nice improvement from last year’s standing of 134th in the same report.
One-bedroom median rents in Miami remain sticky, plateauing at $1800 for the fourth consecutive month in Zumper’s monthly rent report, while ranking ninth nationally across the country.
Signs of a distressed preconstruction condo resale market are continuing, with StatFunding’s January market report indicating "the number of condos with unsold developer units is increasing."
In taking a look at the findings from two areas, the Miami Coastal Mainland and Miami Beach/Barrier Islands, we learn both markets have reset.
Despite Miami median rents for both one-bedrooms and two-bedrooms remaining unchanged from a month ago, the Magic City a spot to ninth nationally.
The study utilized sales prices for 2016, which contrasts the piece compiled by Forbes, which uses listing prices.
Miami remains the No. 10 most expensive rental market in the country with rents holding from their prices a month ago.
A new year means similar results for South Florida renters, who continue to be the most cost-burdened in the country. Note: This group includes Miami, Fort Lauderdale, and West Palm Beach.