Current Market Data

Miami’s housing market among most valuable in the nation

The value of Miami’s housing market is among the highest in the nation, according to a new report from Zillow.

Closings down annually across BeachesMLS region

Closings were down in all four of the major counties covered by the BeachesMLS, according to a recently released report.

NAR: Existing-home price rises again as sales continue to slide 

Total housing inventory at the end of August was 1.11 million units, up 3.7% from July but down 14.6% on a year-over-year basis, the National Association of REALTORS® said. 

Mortgage rates hit nearly 20-year high, cause home sales to tumble

Canceled home-sales contracts hit their highest rate in almost a year as skittish homebuyers blanche at mortgage rates that are the highest they’ve been in more than 20 years

Fort Myers named one of the most-affordable, city-like towns in the nation

New data from StorageCafe shows that Fort Myers is a prime example of a place that strikes the balance between city living and an affordable community.

Coral Gables again ranked among family-friendliest U.S. cities

Coral Gables is two for two in Opendoor’s second-annual ranking of the most family-friendly U.S. cities.

Miami listings rise, giving homebuyers more options as summer ends

A rise in new listings is finally giving potential homebuyers options as the summer market winds down.

The best week to buy a home this year: Oct. 1-7

Sidelined homebuyers can breathe a sigh of relief. According to Realtor.com, the best week of the year to buy a home is still ahead of us.

New homes are trending smaller

The median area for a new single-family home fell to 2,191 square feet in the second quarter — the lowest recorded size since 2010.

CoreLogic: Home-price growth picks up speed in July 

CoreLogic expects prices to continue to grow through next year, albeit at a more traditional pace than in the height of the pandemic. 

High housing costs dampen homebuyer demand

Those looking to buy a house will be paying a premium as inventory continues to be an issue.

Miami is the most competitive rental market in the country

Despite a notable increase in rental competition in the Midwest, Miami held onto its spot as the No. 1 most competitive market in the United States during peak rental season.

One in five millennials think they’ll never own a home

Eighteen percent of millennials — approximately one in five — believe they will never become a homeowner, according to a recent survey from Redfin.

Fort Myers is one of the top markets to watch in 2024

Despite the area’s recent FEMA designation as a Special Flood Hazard Area, Fort Myers’ population has grown by 8.1% since 2020.

NAR: Pending-home sales post second monthly increase in a row 

Pending transactions were in negative territory for most of this year, so the recent increases could bode well for future activity. 

Case-Shiller: Home-price index just 0.02% off 2022 peak; Miami sees 2.5% gain

A fifth consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index suggests the housing market recovery that began earlier this year is likely to continue. 

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