South Florida Real Estate Market- Miami-Dade, Broward and Palm Beach

South Florida real estate market- Miami-Dade, Broward and Palm Beach Counties

In 2020, we saw another “great migration” as hundreds of thousands of Americans depart large urban cities for the suburbs, the countryside and different parts of the country. The existing homes sales for the year 2020, report ending November 2020, shows an increase of 5% over 2019.

There are a myriad of reasons behind this migration:
1. The impact of the pandemic is clearly at the top of the list.
2. The shift from being required to live where you work to an economy and job market that allows you live outside of where you work, as employers redeploy workers away from offices and to their homes.
3. The civil unrest in a number of cities in the spring and summer.
4. Again, due to the pandemic, the closing of so many amenities that make great cities so attractive with no assurance of when or whether they may return.
5. Lastly, the rising costs of living in major urban core areas when work can now be located in less expensive areas.

How do these trends apply to our local SE Florida real estate markets: Miami Dade, Broward and Palm Beach counties? You'll want to watch 👀 this 🎥 video 👇 for comprehensive market details on SE Florida real estate housing 🏡 market 👆
For those of you that have real estate on your mind, and are thinking of buying a home in SE Florida or, considering of selling one I would love to have a conversation with you.
Let's talk! 📞C:786.412.8510 | 📧kate.smithfl@gmail.com | https://www.realtorkatesmith.com

Kate Smith | Kate Smith Group | EXP Realty | Hollywood FL
https://instacard.info/Kate-Smith
Check out these videos to find the answers to your home buying or home-selling questions:
👉 Why choose a second home/ vacation home? 👉 https://youtu.be/RaSybrQSRag