Known for white-sand beaches, art deco buildings, and nightlife, as well as strong Latin influences and high-end high-rises.

19,800

Jobs Created
.7%

$58,853

Median Household Income
4.5%

22,055

Total Housing Permits
4.8%

286

Total Number of Projects
-8.9%

$557,862

SFD New Home List Price
-7.2%

0

New Home Sales
-5.2%
Monthly

Market Health

Miami s population is 6.2M, with a total workforce of 2.7M. The labor market grew by 19,800 jobs over the past year, up by 0.7%. The median household income in Miami is $58,853, 4.5% higher than last year and 6.8% below the national average of $63,179.
In the housing market, total permits issued totaled 22,055 over the last twelve months, up 4.8% year-over-year. Miami has 286 active new home projects on the market, 8.9% fewer than the 314 from last year. The average list price in the market is $557,862, 7.2% lower than last year and 73.6% above the national average. Over the last three months, new home contracts decreased by 5.2% to 1,639. Homestead and Loxahatchee had the highest concentration of the new home contracts in the Miami market.

Our Experts

Work with leaders in the industry.

Tim Sullivan

Senior Managing Principal

Tim Sullivan

Senior Managing Principal

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