eightstorm Here are five housing trends in Miami as the real estate market continues to change

Despite record-breaking high prices, South Florida’s luxury real estate market continues to attract buyers, though sales volume dropped by double digits in 2023. The region also is adapting to changing demographics with offerings such as multigenerational homes featuring separate quarters for grandparents.

The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories below were reported, written and edited by McClatchy journalists.

No. 1: Florida has 9 of the most overpriced housing markets. Here’s where and by how much

What to know about the rankings from FIU and FAU. | Published May 17, 2024 | Read Full Story by Patrick McCreless

No. 2: Why homebuyers are pouring into South Florida despite record-breaking high prices

Miami-Dade County has a new historically high median sales price for single-family homes. | Published May 25, 2024 | Read Full Story by Rebecca San Juan

No. 3: ‘It’s a tale of two cities’: South Florida home prices reach historic highs. Here’s why

Miami-Dade County now has a median sales price of $650,000 for a house and $420,000 for a condo. | Published March 21, 2024 | Read Full Story by Rebecca San Juan

No. 4: Home sales in South Florida dropped by double digits in 2023. What happened to prices?

Miami-Dade County’s total sales fell by 26%. | Published January 20, 2024 | Read Full Story by Rebecca San Juan

No. 5: Grandma and Grandpa under the same roof? New Miami homes carve out separate quarters

What to know about the trend. | Published February 16, 2024 | Read Full Story by Sarah Moreno

This report was produced with the help of AI tools, which summarized previous stories reported and written by McClatchy journalists. It was edited by journalists in our News division.

This story was originally published September 23, 2024, 3:13 PM.

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CLAIM OFFER Miami-Dade County Miamians are the most rent-burdened people in America — and they’re stressed about it Updated October 08, 2024 2:34 PM Broward County Even as Hollywood builds more apartments downtown, affordability remains a concern October 05, 2024 5:30 AM Real Estate News Is your condo ripe for a buyout? Seven signs that developers might target your building Updated October 04, 2024 2:03 PM Real Estate News Natural disaster looming? Here’s what you can do to start recovery October 03, 2024 7:00 AM Real Estate News JD Vance says undocumented immigrants are ‘significant drivers’ of higher home prices. True? Updated October 03, 2024 8:14 PM South Miami Will South Florida’s sleepy ‘City of Pleasant Living’ become our latest boomtown? Updated October 04, 2024 12:15 PM Take Us With You

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