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Miami Real Estate Market Reports

Our Miami Real Estate Market Reports section is the most comprehensive in South Florida. These reports are considered by many as the most actionable of their kind, with useful predictions and forecasts included. Detailed analytics, educational blogs/videos, and hyper-focused property searches are all combined around our core ethos. This ethos? 'Helping our clients make better decisions!'

What is important to learn from our Miami Real Estate Report?

What every buyer and seller wants to know is: How hot or not is the real estate market? Does it favor the buyer or the seller? If you are a buyer, should you buy or should you wait? If you are a seller, is it the right time, or can you wait and get more money in 6 months? Do you have optionality for your next purchase? These are all things that we endeavor to cover in our specific neighborhood reports. We make our reports interesting and are not shy to give opinions. Reports are produced every six months (enough time to accumulate data and recognize trends and patterns). Market statistics can be checked at any time, and seeing what sold in the last 90 days is very helpful to either compare your home value or what you should pay.

Miami Real Estate Market Report - Breaking it down by neighborhood and product type.

My Miami reports cover all the key neighborhoods: Pinecrest, Coral Gables, Coconut Grove, Brickell, Downtown, Edgewater, South of Fifth, South Beach, and Miami Beach. Additionally, as we go North, we also cover Bal Harbour and Surfside, Sunny Isles, and Aventura. As luxury brokers, we produce specific Condo and Single Family Home Reports. Our Territory managers contribute by writing articles and reports, and their on-the-ground experience is instrumental in ensuring reports are useful and actionable.

Experience the best Miami Real Estate Reports.

The David Siddons group has nearly 100+ years of experience in the Miami real estate business between team members. Our real estate market knowledge is hard to compare! We have studied the market for over ten years andunderstand the ups and downs of each neighborhood within the real estate economy.

Clients, followers, and other industry professionals know us for market analytics. Our real estate blogs, videos, reports, and forecasts have cemented our position as the voice to be heard and listed. As market analysts, we not only understand the numbers, but we understand the human behavior behind the numbers. Look at our reports, and see it is not just about numbers. 

We include dialogue that explains the human behavior and macroeconomic factors behind the data. These can educate buyers about why their property is the best in the market. We understand because we live in the market! Fundamentally, we know who the buyers are. Regardless if they are relocations from the northeast or overseas buyers. We listen carefully to needs and wants, which translates into a successful business focused on better decision-making.

How to Navigate Our Market Reports Page

This is the main page where you can find all our extensive Miami Real Estate Market Reports. Whether you are looking for the latest status of the condo market report or the latest housing market report, we have all the Miami market reports here for you. On the right-hand side, we offer you Miami real estate market reports per neighborhood, so filter your search by clicking on any of the sections on the right-hand side.

What are the key Statistics in our Market Reports?

For any good real estate market report the first fundamental statistic to pay attention to is 'months of inventory'. Months of inventory is simply the number of sales per month divided by the current available active inventory. A balanced market is typically between 6-9 months (depending on the level of luxury). The second most important is the $ per sqft of sold properties. It is important to be aware that within every neighborhood, price points will create varied results. You can never work off the entire market average. Additionally, new properties, both homes and Condos sell at very different levels than normal resale products. This is true now more than ever in a world where supply chain issues create a slowdown in construction time. Days on the market is also a very helpful tool to understand the speed of sales as is the number of sales.

Contributing Minds

With all said and done statistics mean nothing unless you have the social narrative to explain the subtle nuisances of the the neighborhoods. Remember that neighborhoods will always affect and be affected by other neighborhoods. On top of local forces, we cover the macro market in depth. Our podcast 'Better Decisions' draws from economists and other market experts. Whether it is the head of a real estate school to a Condo analyst of 40 years. An attorney who specializes in home insurance or a software specialist who builds expert analytical tools for the Condo market. All these voices find their way into our reports and add to the fabric of well-versed conversation.

Interactive Analysis Software and easy-to-digest 'Report' Videos

It is also a good idea to watch our Reports on YouTube as they are converted into video. If you want immediate analysis our Neighborhood Statistics Page or CondoGeeks page will also be helpful. As always for more education, please call me directly, or shoot me an email.

Also check our Miami Real Estate News Section! This is a comprehensive section that details everything going on in the Miami real estate market.

PART 3 – 2024 MIAMI BEACH MARKET REPORT

September 9, 2024

Q1 – Q3 Miami Beach Neighborhood Trends in the Beach Areas This Miami Beach Neighborhood Trends report covers the areas of Miami Beach (from 5th street till 88th street, South of Fifth, Bal Harbour, Bay Harbor Islands, Surfside and Sunny Isles. Read part 1 of our 2024 Report: Overview and Most Asked QuestionsRead part 2 of our 2024 Report: Neighborhood Trends for the Mainland Part Three of our Miami real estate report goes one level deeper beyond part one’s initial City wide 2024 overview. Now [...]

2024 Miami Beach Real Estate Market Trends & Forecast Q1-Q3

September 9, 2024

Dive into the latest Miami Beach real estate market trends complete with expert advice for buyers and sellers. This report covers the area of South Beach (5th street) all the way up to North Beach (88th street). MIAMI BEACH HOMES Miami Beach Housing Market OverviewSales Prices per SF 2023 vs 2024Miami Beach Housing Market Overview Sales Prices per SF 2023 vs 2024 Highlights for 2024. Miami Beach home prices per square foot have increased across all price ranges. High-end single-family homes ($5M–$10M) experienced a notable [...]

2024 Surfside Condo Market Trends & Forecast Q1-Q3

September 9, 2024

Dive into the latest Surfside Condo Market trends complete with expert advice for buyers and sellers. Surfside Market OverviewSales Prices per SF | 2023 vs 2024Surfside Market Overview Sales Prices per SF | 2023 vs 2024 Highlights for 2024. Surfside condos are experiencing price increases across all price ranges except for the $1M-$3M range. The market is divided between older condos, mostly in the $1M-$3M range, and brand-new ultra-luxury condos in the $5M+ and $10M+ range. Notably, all sales in the $1M-$3M range that saw [...]

2024 Bay Harbor Islands Condo Market Trends & Forecast Q1-Q3

September 9, 2024

Dive into the latest Bay Harbor Condo market trends complete with expert advice for buyers and sellers. Bay Harbor Condo Market OverviewSales Prices per SF | 2023 vs 2024Bay Harbor Condo Market Overview Sales Prices per SF | 2023 vs 2024 Highlights for 2024. The luxury market in Bay Harbor Islands is expanding, although in 2024 we saw just 15 sales in the $1M+ resale segment. Prices are rising quickly due to room for appreciation, thanks to its prime location near the beach and shopping [...]

2024 Bal Harbour Real Estate Market Trends & Forecast Q1-Q3

September 9, 2024

Dive into the latest Bal Harbour real estate market trends complete with expert advice for buyers and sellers. Bal Harbour Market OverviewSales Price per SF | 2023 vs 2024Bal Harbour Market Overview Sales Price per SF | 2023 vs 2024 Highlights for 2024. The Bal Harbour condo market has significantly slowed down, particularly in price ranges above $3M. Although properties are spending less time on the market, inventory levels have risen to 23 months, reinforcing the strong buyer's market that was already in place in [...]

2024 South of Fifth Real Estate Market Trends & Forecast Q1-Q3

September 9, 2024

Dive into the latest South of Fifth real estate market trends complete with expert advice for buyers and sellers. South of Fifth Market OverviewSales Prices per SF | 2023 vs 2024South of Fifth Market Overview Sales Prices per SF | 2023 vs 2024 Highlights for 2024. South of Fifth remains a highly desirable market but is currently experiencing a buyer’s market, with inventory levels rising to 15 months from 13 months last year. While days on market have stayed relatively steady, there has been a [...]

2024 Sunny Isles Real Estate Market Trends & Forecast Q1-Q3

September 9, 2024

Dive into the latest Sunny Isles Real Estate Market trends complete with expert advice for buyers and sellers. Sunny Isles Market OverviewSales Prices per SF | 2023 vs 2024Sunny Isles Market Overview Sales Prices per SF | 2023 vs 2024 Highlights for 2024. The Sunny Isles market has remained stable compared to last year in terms of inventory, listings, discounts, and days on the market. However, sales prices have increased across all price ranges. When examining inventory, there is a significant difference between properties under [...]

2024 Brickell Real Estate Market Trends & Forecast Q1-Q3

September 4, 2024

Dive into the latest Brickell real estate market trends complete with expert advice for buyers and sellers. Brickell Condo Market OverviewSales Price per Sqft: 2023 vs 2024Brickell Condo Market Overview Sales Price per Sqft: 2023 vs 2024 Highlights for 2024. The average condo price in Brickell increased modestly. By mid-2024, the average price per square foot for condos had risen slightly, reflecting the sustained demand in the area. Luxury condos, especially those with premium amenities and locations, saw stronger price retention and even growth, particularly [...]

2024 Downtown and Edgewater Real Estate Market Trends & Forecast Q1-Q3

September 4, 2024

Dive into the latest Downtown and Edgewater real estate market trends complete with expert advice for buyers and sellers. Edgewater Market OverviewDowntown Market OverviewEdgewater Sales Prices per Sqft 2023 vs 2024Downtown Sales Prices per Sqft 2023 vs 2024Edgewater Market Overview Downtown Market Overview Edgewater Sales Prices per Sqft 2023 vs 2024 Downtown Sales Prices per Sqft 2023 vs 2024 Highlights for 2024. Downtown and Edgewater have both seen a drop in sales and an increase in inventory making it firmly a buyer's market. Luxury Sales [...]

2024 Palmetto Bay Real Estate Market Trends & Forecast Q1-Q3

September 4, 2024

Dive into the latest Palmetto Bay real estate market trends complete with expert advice for buyers and sellers. Palmetto Bay Market OverviewSales Price per Sqft: 2023 vs 2024Palmetto Bay Market Overview Sales Price per Sqft: 2023 vs 2024 Highlights for 2024.  We saw a significant increase in the number of sales (131 up from 101) in Palmetto Bay this year compared to last. We are now seeing 'new home sales in the market'. Two this year with an additional six on offer. This market has [...]

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