housing market

Union leaders, citing local rents now averaging more than $3,100 per month, said the economic pressures facing South Florida families have reached a tipping point.

South Florida boasts two of the three largest realtor associations in the country. They will merge in May into a mega agency with 93,000 brokers.

Home and condo prices are climbing in Palm Beach County, but remain mixed in the rest of South Florida. Affordability continues to be challenging with just 14 homes for sale in Miami-Dade County for under $300,000. Any effect on buyer appetite from higher gas prices wouldn't show up until April or later.

Condominium sales increased in February as prices and mortgage rates fell. $1 million-plus sales also buoyed the market before the war-induced uncertainty sent borrowing rates up.

According to a new report from Redfin, Miami, West Palm Beach and Jacksonville metro areas continue to dominate the country in cash-heavy transactions, even as high mortgage rates begin to stabilize.

Broward County's condo market was the weakest in the region in January with sales down, prices falling and inventory growing. Palm Beach County's condo sales jumped to begin the year while they held even in Miami-Dade.

South Florida's condo market cool-off continued in 2025 even as the number of sales increased as the year came to an end. Single family homes remained in strong demand.

South Florida home prices generally held steady in 2025, but condo prices fell. The housing market has been showing signs of stabilizing as mortgage rates have been falling. What could 2026 have in store?

The Florida Legislature is poised to pass several proposed constitutional amendments that would change local property taxes if approved by voters. Cutting or getting rid of most property taxes may not make buying a home more affordable though.

The data shows Miami at the bottom of the list when examining the share of available homes that are affordable to a typical household earning the median income. By contrast, Pittsburgh was cited as the metro area where affordable homes are the easiest to find.

Home and condo sales show very early signs of recovery in September helped by a drop in mortgage rates and lower or, at least stable, prices. It’s too early to “definitively declare a shift in the overall trend,” but confidence by the state’s realtor group is rebounding.

Despite a slowdown in sales and more homes on the market, UBS still ranks South Florida as the riskiest housing market in the world.