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“The Miami market continues to showcase its allure, with single-family homes leading the charge in sales and price growth. In the Miami Beaches, single-family home sales surged by 20% at the end of 2024, with median prices rising 24% — a testament to the strong demand and limited inventory. While condo sales have softened, the focus on newer construction has driven double-digit price growth, highlighting the region’s appeal to buyers seeking modern, luxury living.
Across the Miami Coastal Mainland, the uptick in single-family sales and a rising market share of high-value homes underscore the strength of Miami as a dynamic and evolving real estate destination. For any buyers on the fence, now is the time to act — Miami’s market is heating up and opportunities are moving fast.”
– Pamela Liebman, Corcoran’s President & CEO
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