fbpx

Miami Breaks Home Sale Record

08.12.21

Miami Realtors are reporting this week that Miami-Dade County real estate broke its record for the most annual home sales in only 10 months as October 2021 transactions surged year-over-year, Abode2 luxury property magazine reports.

The red-hot market, which set its all-time annual condo sales record last month, has two more months to push its many 2021 records even higher and build on others as Miami's all-time annual single-family home sales record is poised to be broken next month.

Miami-Dade County total home sales rose 8.8% year-over-year in October 2021, from 2,737 sales to 2,978. Miami single-family home transactions decreased 12.4%, from 1,326 to 1,161 because of lack of inventory and Covid19 comps (stats are in comparison to major rebound demand last year). Miami existing condo sales increased 28.8%, from 1,411 to 1,817.

Year-to-date, Miami has registered 32,940 existing total homes sales in 10 months, which surpasses the previous annual record of 30,041 transactions in the entire year of 2013, an increase of 9.7%.

"Miami home sales were rising before the pandemic, but the expansion of remote work has accelerated the demand for Miami real estate," MIAMI Chairman of the Board Jennifer Wollmann said. "If you can work from anywhere, why wouldn't you want to live where you can be outside 365 days a year? Why wouldn't you want to live in a region that is attracting many tech and financial firms with high-paying jobs, a city with the most international flair, a news-making culinary scene, world-class shopping and more?"

Abode Affiliates

  • Alleyne Real Estate
  • Blevins Franks
  • Coldwell Banker
  • Crane Resorts
  • Monaco Real Estates
  • RDO
  • St Francis Links
  • Unique Home Stays
  • Yoo
  • Worldwide Dream Villas
  • Enigma Yachts Limited
  • Cornerstone Tax Advisors
  • Pedini London
  • Alexander James
  • Moore Stephen
  • Ibiza Transit Express
  • Oyster Yachts
  • Jumeirah
  • Wall Street Luxury
  • Heron Real Estate
  • Edenhurst
  • MG&AG
  • Gama Property
  • Touch Design Group
  • St Edward
  • Ultra Villa
  • Luxury Italian Living
  • Habitat First Group
  • BDO
  • 7Storeys
  • Worldwide Property
  • Dimora
  • Dominic McKenzie Architects
  • Harry Manning
  • Smart Living
  • Isle Blue
  • MAS Marbella
  • Millgate
  • Jersey Finance
  • guernsey-relocations-logo
  • viberts-logo
  • kpmg-logo
  • author-interiors
  • Wilkinson Beven
  • BoConcept
  • Ante Vrban
  • Deborah Garth
  • You home
  • Ra Shaw Designs
  • Caudwell Collection
  • accanto-interiors
  • Fritz Hansen
  • capital-rise
  • jarrods-staircase
  • neil-davies-logo
  • Tina Shone Group
  • Taplow riverside
  • Aimo
  • ns-ceramics-logo
  • Rusk
  • Consilium Expert Group
  • Ben Krupinski Builder
  • Swoffers
  • Guernsey Relocation Services
  • Douglas Graneto
  • Strutt & Parker
  • wilsons
  • MJC Associates
  • plainspace
  • Fine & Country
  • Bramble Ski
  • Penthouse queen
  • Sarco_Affiliate_Logo
  • taylor wimpey
  • cooper-gardner
  • M Design Architects
  • codan
  • Lovells
  • London DE
  • HELENA JORNET FINQUES
  • Prime Lands Group
  • Bellegarde Estates
  • Sinclair
  • Pippa Paton
  • Ecole d'Humanite
  • Benedek Lewin
  • Inspired Villages
  • Huelin Homes
  • Gaudin
  • Lovells Property
  • Racecourse Lodge Logo
  • Paseo
  • Lemay + Escobar
  • Octagon
  • Locate Isle of Man
  • Newlands of Stow
  • Hawksford
  • Holdun
  • St George's International School
  • Schule Schloss Salem
  • AR Architecture
  • lazaro
  • Sella Concept
  • Blakstad
  • SAREG
  • miller interior
  • Harrow
  • Pearson
  • Wealth Club
  • Yellow House Architects
  • Designer Touches
  • Zafiro
  • Nicole Murray
  • Scout Boats
  • Emerson Insinkerator
  • diane holland

Enter your dream destination