Miami’s Housing Market Is Cooling. The Workers Who Were Priced Out During the Boom Are Not Coming Back.
Price corrections return a market to a lower level, not to the population that was displaced when prices were rising. Those are not the same thing. Miami’s housing market is cooling. Median prices in the metro have declined from their 2022 pandemic-era peaks as out-of-state buyer demand softens and inventory increases, according to Redfin and…
