“Miami is entering a more disciplined phase of growth to start the year. In Miami Beach, sales are accelerating again, with single-family deals up 13% and condos up 15% to a four-year high. At the very top, the market remains exceptionally strong, with headline trades reinforcing the continued appetite for trophy assets.
At the same time, the Mainland is where we’re seeing real momentum – single-family sales are up 16% for a seventh straight quarter, condo prices are surging with average values up 18%, and transactions above $3M have nearly tripled compared to last year. Miami’s momentum is no longer concentrated around the beach – it’s broader and a more durable expansion across the market.”
– Pamela Liebman, Corcoran’s President & CEO
