Real Estate market remains relatively healthy with a stable foundation. Florida's population set to [↑](color-green) 11% by 2032, driven by domestic and foreign buyers.
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Luxury home sales in South Florida increased significantly between Q1 and Q2. Luxury home sales above $1M [↓](color-red) 18.1% yearly.Q/Q sales for single-family homes above $1M [↑](color-green) 33.8%.
Florida's housing market in 2Q 2023 shows stabilization, with avg prices and inventory improving. Closed sales of single-family homes [↓](color-red) 7.9%, condo-townhouse sales [↓](color-red) 11% yearly.
Property values in the Florida Keys have [↑](color-green) $10B in 2023, reaching ~$66B. Property values in Key West [↑](color-green) $1B, while Marathon's values [↑](color-green) $800M