South Florida's luxury housing market remains strong, with a 9.6% annual price increase despite decreased demand. In Palm Beach, luxury listings surged 180%, with six sales at a median price of $14 million....
Resilient Market
Total Miami-Dade sales ↓ 4.6% in October 2023, with the statistics not including South Florida's new construction market. Total new listings in Miami ↑ 10.5% yearly in October 2023, from 3.2K to 3.5K. Total active listings ↑ 0.1% yearly to 10.8K, but inventory remains down 46.8% from the historical avg....