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Latest trends shaping South Florida’s real estate market in Q1 2025.

  • Writer: Vanessa Ruiz
    Vanessa Ruiz
  • Aug 22
  • 2 min read
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South Florida’s real estate market has been the subject of conflicting headlines in recent months. While some media outlets suggest widespread declines or uncertainty, the reality looks quite different when we examine the data closely.

In the latest Miami Report Q1 2025, Craig Studnicky —CEO of ISG World— uncovers a truth that many have overlooked: the recovery is already underway, driven by strong demand, accelerating population growth, and the increase of high-net-worth buyers.

Below, I’ve summarized the key insights from the report that reveal where the market is truly heading.


Key Facts of Miami Report Q1 2025


1.Population growth in Florida

  • Florida grew at a rate of 1,300 people per day in 2024 vs. historical average of 1,000).

  • Total population: 23.3 million people at the end of the year.

  • This pace is projected to be maintained or accelerated in 2025.


2.Prices in Pre-construction Projects

  • Only 12 of the 91 active projects are priced between $500K and $2M.

  • Most of the units are valued between $2M and $100M.

  • Even though, 85% of sales in 2023–2024 occurred in the $500K – $2M range.


3.Low inventory of waterfront properties, but rising in price

Luxury house in prime area facing the water (A):

  • Available inventory fell from 459 to 301 properties.

  • The average price increased from $18 million to $21 million.


Luxury house in prime area without waterfront (B):

  • Inventory decreased from 3,521 to 2,266 units.

  • The average price rose from $6.9 million to $8.5 million.


General Inventory Houses (C):

  • This segment doubled its inventory, going from 7,105 to 13,985 units.

  • The average price grew from $850,000 to $1 million.


4.Condo inventory: old condos vs modern buildings

  • 86% of inventory is more than 30 years old and faces special quotas.

  • Only 3,329 units in all of South Florida are under 30 years old.

  • Modern condos: prices rose +8% in 2024.

  • Old condos: prices fell -21%.

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What does this mean for you as an investor or buyer?

  • New inventory is scarce.

  • Prices in well-located and modern properties will continue to rise.

  • The luxury segment continues to lead the market.


 If you're considering an investment or purchase in Miami, this is a key time to act before the next price escalation.

 
 
 

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