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.
According to the National Association of Realtors (NAR), U.S. existing-home sales fell in March 2025, with declines observed across all four major regions. Compared to March 2024, sales were down in the Midwest and South, up in the West, and unchanged in the Northeast.
The National Association of Home Builders reports that a slight dip in mortgage rates and limited existing home inventory helped drive an increase in new home sales across the U.S. in March 2025, despite ongoing market uncertainty facing both builders and buyers.
For decades, Florida has served as a haven from high-tax, high-cost states -- attracting retirees, snowbirds, hourly workers, and increasingly, younger professionals priced out of other housing markets.