Top Real Estate Agents in Miami, Florida

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Rank – City SidesFull NameCompanyLocationSidesProfile
Mariana NiroSerhantMiami, FL 61.0View Profile
Liz HoganCompassMiami, FL 58.0View Profile
Lesli BurkheadThe Keyes CompanyMiami, FL 56.0View Profile
Roberto MalcaCervera Real Estate, Inc.Miami, FL 53.0View Profile
Nancy O’BrienThe Keyes CompanyMiami, FL 51.7View Profile
Max LomasRE/MAX Advance Realty IIMiami, FL 46.0View Profile

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2023 Miami, Florida Housing Market Summary

Miami, Florida started 2023 with a total of 1,550 single-family homes on the market, with a median home price of $730,000 and an average price per square foot of $484. By the end of the year, inventory had increased to 1,786 homes on the market (+15%), with a median home price of $850,000 (+16%) and an average price per square foot of $637 (+31%).

At the start of 2023, the median days on market (DOM) was 84 days – by the end of the year, median DOM had decreased to 70 days.

Miami started the year with 36% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 34% of Miami homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Miami started 2023 as a strong seller’s market, with an MAI score of 58; by the end of the year, the MAI had dropped to 31 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

Housing Market News

Lower mortgage rates attracting more homebuyers 

Sep 16, 2024By

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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