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What Should I Know Before Moving to Miami?
The Miami housing market has experienced significant shifts, with average home prices rising to $579,125—a nearly 8.7% increase. However, sales transactions have dropped by nearly 50% between June 2023 and June 2024, partly due to rising mortgage rates nearing 7%. As we move forward, the outlook for 2024 remains mixed, with experts predicting price stability in some areas while demand for luxury properties continues to thrive.