How is the housing market in Southeast Florida?

How is the housing market in Southeast Florida doing? Even folks living on a steady diet of modern architecture ask me that.

So here is a year-over-year comparison of Q3 2024 to Q3 2023. Covered are Single Family Homes only (not condos/co-ops, THs etc) in the area Miami–Fort Lauderdale–West Palm Beach MSA, to locals known as the Tricounty area.

Wondering how the election influenced the market? Historically astonishingly little influence, especially when it concerns permanent residences.

If you are a stats fan and want to go deeper, please contact Tobias anytime.

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(Infographic ©Kaiser Assoc from data by BeachesMLS and FAR Sunstats)

[Please note: (1) The median asking price is the original price of homes which actually sold, not of all homes offered for sale. (2) Variations to prior stats typically result from late or corrected source data.]