Property values in Miami-Dade, Florida, have doubled in 15 years, outpacing the national average. Factors like high-income households moving in and cash buyers have boosted the market. Single-family home sales rose by 6% in May 2024, while existing condo sales dropped due to low inventory. Miami leads in luxury market price growth and is expected to see continued appreciation. New property listings increased by 14.12% in May 2024, with cash sales making up 38.5% of transactions.

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