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Miami-Dade County Real Estate Market Briefing
Conditions in the real estate market have a significant effect on the local economy. In addition to directly employing thousands of workers in real estate sales and finance, strength or weakness in this market affects construction activity, employment in the building trades and directly or indirectly related occupations in architecture, engineering, manufacturing, as well as others.
The Real Estate Market Briefing provides a general overview of current conditions in residential and commercial real estate. These reports include information on current trends in existing home sales, home prices, residential building permits, commercial lease and vacancy rates for office, industrial and retail space, and changes in the local inventory of commercial space.
The briefings analyze factors currently affecting the sector and the near-term economic outlook.
The latest report, covering the last quarter of 2013, reflects that the housing and commercial real estate markets had another strong year in 2013. Home and condo sales and prices were up year over year. Commercial real estate lease rates were up and vacancy rates were down.
Foreclosure trends and patterns
According to 2013 first quarter data obtained from RealtyTrac, foreclosure filings in Miami-Dade County remain high.
There were 3.6 Real Estate Owned (REO) foreclosures per 1,000 housing units in the County. This represents a 4% increase from the first quarter of 2012.
View maps of 2013 first quarter foreclosure data, by Zip code in County commission districts.
- Commission District 1
- Commission District 2
- Commission District 3
- Commission District 4
- Commission District 5
- Commission District 6
- Commission District 7
- Commission District 8
- Commission District 9
- Commission District 10
- Commission District 11
- Commission District 12
- Commission District 13
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