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Existing Miami-Dade sales ↑~6% yearly in Early-Q2, marking an eighth straight monthly gain, with ~2.1K transactions across single-family homes and condos countywide.
Single-family sales ↑~9% to ~1K, condos ↑~3% to ~1K, while $5M-plus deals ↑~25% and $300K-$500K condos ↑~18% yearly, showing broad demand strength.
Cash buyers remained a major Miami-Dade force: ~39% of all transactions, ~51% of condo purchases, and ~26% of single-family purchases in Early-Q2.
Inventory ↓~11% for a third straight mo; single-family median ↓~2% to $670K, while condo median ↑~1% to $450K in Early-Q2 Miami-Dade market.
Mortgage rates averaged low-6% in Early-Q2 and may reach near 7% by mid-year if geopolitical tensions linger; an expert still expects resilience from relocation demand.