Ian Broennle Compass

Here’s the April 2025 housing market report for Miami-Dade County along with my key takeaways:

Single Family Home prices on average across the county declined 4% from the prior month, but were still up a healthy 14% YOY. Condo prices rose 17% from March, but were down over 30% YOY.

For April, the supply of properties for sale, months of inventory, and days on market were all up on a yearly basis, while the number of pending and closed sales were down.

The Trump administration announced its tariffs on April 2nd, ushering in a significant level of economic uncertainty. The long-term outlook for the administration’s tariff and trade policies currently remain unclear.

Uncertainty in the economy can impact real estate purchases in several ways. When the economy is unstable, buyers often become more cautious, which can lead to a slowdown in the market. People may delay buying homes due to job insecurity or concerns about future income. Lenders might tighten their requirements, making it harder to get loans.

This can cause property values to flatten or even drop, as demand decreases. However, for some buyers, economic uncertainty can present opportunities, such as negotiating better deals or finding motivated sellers. Overall, market activity may slow, and pricing can become more volatile as people wait for economic conditions to stabilize.

Want to talk about where I think one can find opportunity in Miami in these conditions? Let’s discuss! 202.407.1122📱

Here's the November 2024 market highlights for single family homes in 's , , , , and neighborhoods.

For November, two homes hit the market for sale and two homes returned to the active for sale market. Three home listings decreased their asking prices and one home listing increased its asking price. Five homes went under contract, and one home closed sale.

At the end of November, we had a supply of 33 homes listed for sale, up one from October. The lone residential home that closed in November 2024 sold for a price per SF of $1,091/SF.

The median residential home asking price per SF at the end of November was $1,232, up $67/SF from October.

Do you have questions about Miami real estate? Thinking about buying, selling, or leasing here? Feel free to reach out on LinkedIn or call/text me at 202.407.1122.

Here's the October 2024 market highlights for 's , , , , and nieghborhoods.

For October, two homes hit the market for sale and one home returned to the active for sale market. Two homes went under contract, three other homes went from under contract to pending sale, and three homes closed sale.

At the end of October, we had a supply of 32 homes listed for sale, up two from September.

The median residential home closed sales price per SF for October was $1,002/SF.

The median residential home asking price per SF for October was $1,165/SF.

Do you have questions about Miami real estate? Thinking about buying, selling, or leasing here? Feel free to reach out on LinkedIn or call/text me at 202.407.1122.