Predictions for the Miami real estate market in 2025 indicate significant growth, with median home prices expected to rise by 6.5%, and single-family homes by 9.7%. Mortgage rates may drop to around 5%, enhancing affordability. The luxury condo market is thriving, particularly for properties over $1 million, which have surged by 122.2% since pre-pandemic levels. Despite inventory shortages creating a seller’s market, strong demand from both domestic and international buyers is anticipated to drive continued appreciation and market activity.
Continue to full article
