Realestate_Training_Florida

Miami Real Estate Market

What’s driving Miami Real Estate demand?

‚ÄĘ More U.S. individuals and companies moving
from high-tax, high-density areas to S. Fla.

‚ÄĘ Surging demand from global buyers

‚ÄĘ Demographic shifts (Millennials largest
homebuyer cohort & need shelter)

‚ÄĘ Expansion of remote work

‚ÄĘ Homebuyers have strong jobs, positive cash
flow and high equity

‚ÄĘ Appeal of property as an inflation & stock market¬†hedge

Texas: #1 State Looking for Miami Homes
Texas registered the most domestic Miami real estate web searches in May 2022. Texas ranked as the No. 4 out-of-state buyer in the South Florida area in 2021.

Top-10 U.S. States Searching Miami Real Estate in May 2022
1. Texas

  1. Washington
  2. California
  3. Georgia
  4. North Carolina
  5. New York
  6. Virginia
  7. Illinois
  8. Michigan
  9. Ohio

Top-10 U.S. Metros Searching Miami Real Estate in May 2022

1.Dallas-Ft. Worth, TX

  1. Los Angeles, CA
  2. Spokane, WA
  3. Atlanta, GA
  4. New York, NY
  5. San Antonio, TX
  6. Washington, D.C.
  7. Chicago, IL
  8. Houston, TX
  9. San Francisco-Oakland-San Jose, CA

Top-10 countries Searching Miami Real Estate in May 2022:

Country                                 Share of International Searches

  1. Colombia                        12.34%
  2. Argentina                         7.20%
  3. Venezuela                        6.29%
  4. Brazil                                5.28%
  5. Spain                               4.86%
  6. United Kingdom            4.51%
  7. Philippines                     4.35%
  8. Mexico                           4.08%
  9. Canada                          3.99%
  10. India                               3.81%

All Other Countries            43.29%

‚ÄúChanges in government abroad, such as this month‚Äôs presidential election in Colombia, have often led to more investment in Miami, the capital of Latin America, as global buyers move to put their money in a secure place where it will appreciate,‚ÄĚ MIAMI Chairman of the Board Fernando Arencibia Jr. said. ‚ÄúMiami real estate has experienced more than 10 consecutive years of price appreciation.‚ÄĚ

Top-10 International Cities and regions Searching Miami Real Estate in May 2022

  1. Bogot√°, Colombia
  2. Buenos Aires Province
  3. Antioquia, Colombia
  4. Buenos Aires Province
  5. State of Sao Paulo, Brazil
  6. Ontario, Canada
  7. Mexico City
  8. Quebec, Canada
  9. Atlantico, Colombia
  10. Valle del Cauca, Colombia

Despite the price increase, Miami remains a bargain compared to other global cities.

*According to a report by The Miami Association Of Realtors@ & The National Association Of Realtors@