Miami Real Estate News
Miami
Miami Has Biggest Rent Price Spike in 2021 of 35 Percent
National property broker Redfin is reporting average monthly residential rents increased 21% nationwide over the past year and 7% in a single month. These are the highest annual and monthly growth rates in at least two years -- as far back as Redfin's rental data goes.
Single Family Rent Price Growth Triples Over Last Year in U.S.
Based on CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas, shows a national rent increase of 10.9% year over year, up from a 3.2% year-over-year increase in October 2020.
Miami Condo Sales Up 42 Percent in November
According to the Miami Association of Realtors, Miami-Dade County real estate posted its best November sales month in history as existing condo sales surged double digits year-over-year for the 14th consecutive month.
U.S. Home Sales Uptick in November
Existing-home sales rose in November, denoting three consecutive months of increases, according to the National Association of Realtors. Three of the four major U.S. regions reported growth in monthly sales, while the fourth region held steady in November.
Miami Property News
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