Something strange is happening in Miami real estate. Depending on how much money you have, you could be experiencing an entirely different housing market. Luxury home sale prices in Miami jumped 18 percent year over year in July, according to a Redfin analysis of MLS data. That was the largest increase among the 50 most populous metropolitan areas in America. Meanwhile, Miami’s non luxury home prices fell 1.3 percent. Read that again. Luxury up 18 percent. Everything below luxury down…
MarketMiami
Miami Has Two Housing Markets: Luxury Prices Are Exploding While Everyone Else Is Going Backward
Miami luxury home prices are rising sharply while much of the broader market moves in the opposite direction.
