Miami's real estate market continues to outpace national trends with average home prices reaching $1.13 million, nearly triple the national average of $647,307, according to the latest market data. The city's luxury segment is driving much of this growth, with over 2,100 properties listed at $1 million or higher. Current listing data shows Miami's median home price stands at $649,999, significantly higher than the national median of $379,000.
Despite a rising influx of residents drawn to Miami’s temperate climate and vibrant culture, the housing market is experiencing a downturn, particularly in the luxury sector.
"What truly distinguishes this home is the immersive smart ecosystem. The experience begins the moment you enter, as Ketra full-spectrum RGBW lighting subtly mimics the changing hues of natural daylight..."