Source: The World Property Journal—
According to the Miami Association of Realtors, Miami-Dade County real estate posted its best December sales month in history as it ended its historic 2021 with myriad year-end records including the most all-time annual total home sales, highest annual total dollar volume, most single-family home sales, most condo transactions and more.
49% More Sales – 103% More Dollar Volume in 2021
The red-hot market, fueled by domestic and global homebuyers, finished 2021 with 39,394 existing total home sales, which is 49.5% more than the 26,345 transactions Miami had in 2020 and 31.1% more than the previous annual record of 30,041 transactions in 2013. The dollar volume of Miami’s sales in 2021 totaled $30.3 billion, which represents a 103.4% annual increase.
“Domestic and global homebuyers continue to fuel Miami real estate,” MIAMI Chairman Fernando Arencibia Jr. said. “The sustained home sales growth speaks to domestic and global companies relocating to Miami to launch headquarters in tech and finance and bringing high-paying jobs; increased and continued migration to Miami from high-tax, high density cities; and how this new-normal-work-from-anywhere ability boosts the allure of South Florida.”
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