It is a strong market according to the latest stats released by the MIAMI Association of Realtors. The median percent of the original list price received for single-family homes was 100% in April 2022, up 2% from last year (Source: MIAMI Association of Realtors).
Are house prices coming down in Miami?
West Palm Beach has a 12% probability of having a price decline of more than 10% and a 33% chance of having a price decline of less than 10%. Miami area has a less than 3% chance of having a price decline of more than 10% and a 21% chance of having a price decline of less than 10%.
How much does a realtor make in Miami?
How much does a Real Estate Agent make in Miami, Florida? As of Oct 4, 2022, the average annual pay for a Real Estate Agent in Miami is $87,306 a year. Just in case you need a simple salary calculator, that works out to be approximately $41.97 an hour.
Is Miami a good real estate investment?
The Miami housing market ranks as one of the best real estate markets in the U.S. However, properties are selling fast, thanks to mortgage rates as low as 2.875%. This means demand is high, inventory is low, and home prices are starting to increase—so now could be a good time to start house hunting in Miami!