Miami Housing Market Predictions 2023: What Investors Should Expect

Abstract

In 2020, 26,345 homes were sold in Miami. The number went up by 49.5% to 39,394 houses sold by the end of 2021. The demand for housing in Miami is high in Miami because of its low mortgage rates and zero income taxes. Many multinationals prefer to locate in Florida because the state is tax-friendly to business owners. The need for office spaces also rose. Many companies prefer to relocate in the state. The demand in Miami and the city. In 2010 and 2013, the number of properties has gone up to $2,961.50. In 2013, The number of homes that are available for sale in Miami has gone to $3,000 to $4,000.