Miami Ranked No. 5 in the World for Most Millionaire Growth

The total real estate transaction volume in Miami-Dade County increased significantly in March 2025, according to statistics released by the MIAMI Association of Realtors and the Southeast Florida Multiple Listing Service (SEFMLS). The Miami Metropolitan Statistical Area (MSA) was recently ranked No. 5 globally for millionaire growth.

The total volume in Miami-Dade grew 7.8% year-over-year in March 2025, rising from $1.99 billion to $2.1 billion.

It is important to note that these figures could be even higher if they included the sales volume from South Florida’s dynamic new development market. The region’s real estate market is characterized by high-cash transactions, strong equity participation, and consistent demand.

• Miami ranks No. 5 globally for millionaire growth, according to Henley & Partners’ World’s Wealthiest Cities 2025 report, with the number of millionaires in Miami increasing by 94% between 2014 and 2024.

• Miami ranks as the third-best buyer’s market in the U.S, according to the April 2025 Zillow Market Heat Index.

• Palm Beach ranks second and Miami fourth among the top 10 global markets for five-year growth, according to Knight Frank’s The Wealth Report 2025.