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Key Biscayne

Greater Miami Area Residential Sales Implode 41 Percent Annually in November

According to the Miami Association of Realtors, greater Miami Dade county area residential sales decreased 40.7% year-over-year from 3,021 sales transactions last November 2021 to 1,791 sales in November 2022.

Greater Miami Area Condo Sales Dive 35 Percent Annually in October

According to the Miami Association of Realtors, Miami-Dade County residential property sales transactions in October 2022 decreased 30.6% year-over-year, from 2,978 in October 2021 to 2,067 today, because of high mortgage rates, economic uncertainty and low inventory.

Pending Home Sales Plummet Over 50 Percent in Hurricane Ian Stricken Florida Cities

According to national property broker Redfin, pending home sales plunged 58% year over year in the Cape Coral, FL metro area during the four weeks ending Oct. 16, 2022, in the aftermath of Hurricane Ian. That's nearly twice the nationwide decline of 32%.

Miami Area Residential Property Sales Slide 28 Percent in September

The greater Miami real estate market experienced a 28.1% year-over-year home sales decrease in September 2022, diving from 3,031 homes sold last September to 2,178 last month, because of rising mortgage rates and low inventory.

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