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Miami • Fort Lauderdale • West Palm Beach
Median Home Price
Up 36.5% from 2011
Down 3.1% from 2014
Up 14.7% from 2011
More than a Vacation Destination...
Miami is known for its tourism industry but it is also a main player in the international trade economy with the Caribbean and Latin America. Metro Miami’s diverse economy, global access, abundant talent, low costs of business and living, and vibrant quality of life are just a few of the reasons behind its stability. The market’s sheer size and diversity of housing stock offers tremendous opportunities to experienced and novice real estate investors.
The Miami market has experienced a huge surge in population and employment over the past several years, adding 75,231 new residents and 44,458 new jobs in 2015 alone. The construction, education, leisure and hospitality, health care, financial services, trade, transportation and utilities industries employ over a quarter of the current population of more than 6.0MM people.
* Through REALHome™ Services and Solutions acting as the listing broker