Miami ranks as the #2 U.S. housing market for 2025, driven by strong demand for luxury waterfront homes and high-end properties. Luxury single-family home sales rose 3.1% year-over-year, with home values appreciating significantly over the past decade. Cash buyers dominate, especially in condos. Growth is fueled by affluent buyers from high-tax states and international markets. The market is expected to stabilize with moderate growth, focusing on waterfront and expansive lot properties in key neighborhoods.
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