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The Miami Real Estate Forecast for Q3 & Q4 2024

Actionable Advice for Buyers and Sellers

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This Report will be supported with year long market analysis through our Better Decisions Podcast. Challenging conversations on the ever changing market, ensuring year long relevance and value!

Positives

  • "The massive influx of companies to South Florida is poised to overshadow short-term fluctuations in Miami's real estate buying and selling cycles."
  • “Unlike 2007, today's market is stable, with few foreclosures and individuals free of heavy mortgages, reducing the risk of sellers being trapped.”
  • "Extreme excess of inventory is crucial for price correction, but currently, inventory levels remain lower than pre-pandemic times."

Negatives

  • "Secondary markets, where buyers don’t need to buy, will most likely have a worse time in 2024."
  • "The city’s rapid price surges and a high price-to-rent ratio contribute Miami being ranked among the top 15 most overvalued U.S. cities."
  • "These areas face soaring HOA fees due to insurance premiums and impending 40-year assessments, leading to significant costs."

Contributing minds

David Siddons quoted in:

Curbed The Real Deal Miami Today News Wall Street Journal

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