Cost of ownership and “too crowded with people” are the top two reasons why Miami homeowners are selling their property and moving to places where cost of ownership is less expensive, or the lifestyle is more relaxed.
June 2023 compared to June 2022, home prices are up 7.5% This is mainly due to low inventory available for sale.
Demand for housing in Miami Florida continues to outpace supply. May 2023 compared to May 2022; home prices are up 8%. And the reason why? Low inventory.