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Here are five housing trends in Miami as the real estate market continues to change. September 23, 2024 at 3:13 PM ... South Florida’s luxury real estate market continues to attract buyers ...
Miami-Dade has 3.8 months of houses and 5.8 months of condos on the market. Broward has 3 months of houses and 4.1 months of condos. A balanced market typically includes six to nine months of home ...
Changes in house prices for the area are publicly tracked on a regular basis using the Case–Shiller index; the statistic is published by Standard & Poor's and is also a component of S&P's 10-city composite index of the value of the residential real estate market. As of 2005, the Miami area had a total of 2.3 million housing units, 13% of ...
Also, house hunters are seeing more home options in the South Florida real estate market, with inventory increasing every month since February. Miami-Dade has 3.1 months of supply of houses ...
The boom, however, ended abruptly around 2008 when the real estate market crashed and the late-2000s recession began. By 2011 the market began to return, with new office and condominium projects such as Brickell House announced for construction beginning in 2012. [5] This was followed by a second boom that is currently active as of January 2019.
When 600 Brickell came online in August–September 2011, it increased Miami's downtown office vacancy to nearly 25%, [7] and Class A Brickell vacancy to over 30%. [ 8 ] The Foram Group hired Jones Lang LaSalle , led by veteran brokers Glenn Gregory and Noël Steinfeld, to handle leasing for the nearly 615,000-square-foot (57,100 m 2 ) building.