The market for luxury single-family homes is booming as wealthy people continue moving to South Florida. Now Realtors have one multiple listing service.
Miami Herald file
The Miami Realtors association has merged with Martin County Realtors, creating a single multiple listing service that stretches nearly 120 miles from Miami-Dade to St. Lucie County.
The deal reshapes how luxury properties on Jupiter Island, Sewall’s Point and the Stuart waterfront are marketed to buyers across the region.
FULL STORY: South Florida just added a new luxury housing market. Here’s what it means
Here are key takeaways:
The merger gives roughly 94,000 real estate professionals access to one database of property listings across Miami-Dade, Broward, Palm Beach, Martin and St. Lucie counties, creating one of the nation’s largest MLS networks, known as multiple listing service.Buyers searching for a waterfront home may now be shown properties from Miami Beach to Boca Raton to Malapan to Jupiter Island in the same search. Only Realtorrs can access the MLS database..Miami Realtors Co-CEO Teresa King Kinney said the expansion will give members greater access to data, technology, education and business opportunities as they serve clients buying or selling home and information to sell it as a region.The deal follows Miami Realtors’ merger just over two months earlier with RWorld, formerly Broward, Palm Beaches & St. Lucie Realtors, described as the largest merger in the history of the National Association of Realtors.For sellers, the expanded MLS means homes can be marketed to a broader network of agents and prospective buyers throughout one of the country’s most active luxury housing markets.
This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using our own originally reported, written and published content. It was reviewed and edited by our journalists.
Luisa Yanez covers real estate and the impact of wealth migration in South Florida for the Miami Herald. In her work, she will be using both traditional reporting and AI tools.