Are home prices dropping in Miami?
Home prices in South Florida are finally falling. Last month prices fell in Miami-Dade for the first time since 2021, and prices in Broward have dipped for the first time in months. For those who have been waiting for the market to cool down, this is great news.
Is Miami real estate slowing down?
Miami existing condo sales decreased 39.1% year-over-year, from 2,259 record-breaking July 2021 to 1,376 in July 2022, due to lack of inventory and rising mortgage rates.
Will Irvine home prices drop?
Irvine Real Estate Market Forecast 2022-2023
The supply is very tight and with all the other factors considered, at this time, it is unlikely that the Irvine housing market will see a price decline in 2022. As of August 2022, Irvine home values have gone up 21% over the past twelve months.