Miami's housing market cooled in August 2025 as higher borrowing costs and tight lending standards pressured overall sales, even as international demand and rising inventory signaled a maturing, more balanced market.
Miami's residential real estate market cooled in July 2025, with total sales declining 16% year-over-year to 1,782 transactions, according to the Miami Association of Realtors.
According to new data from the Miami Association of Realtors, Palm Beach County residential real estate market experienced a notable slowdown in April 2025. Total residential sales declined 9.4% year-over-year, falling from 2,568 transactions in April 2024 to 2,326 this year.
Residential real estate sales in Miami-Dade County declined in March, as total transactions fell 6.5% year-over-year, according to the Miami Association of Realtors. Sales dropped from 2,141 closings in March 2024 to 2,002 this year.
Posted on September 26, 2024