As Miami's Booming Real Estate Market Spills Over, Fort Lauderdale Sees Luxury Listings Spike
Few American cities continue to boom during the pandemic quite like Miami. From Golden Beach to South Beach, Indian Creek to Coral Gables, the Sout...
Few American cities continue to boom during the pandemic quite like Miami. From Golden Beach to South Beach, Indian Creek to Coral Gables, the South Florida metropolis saw a surge of newcomers lured by its open spaces and tax-friendly business environment. How big was Miami's boom? Total home sales rose by around 50 percent in 2021, according to the Miami Association of Realtors, with median prices up nearly 20 percent from April 2021 to April 2022 alone. Unsurprisingly, much of Miami's market momentum has spilled over into neighboring cities, most notably Fort Lauderdale—the canal-filled boater haven just 30 miles north of Miami and famous worldwide for its annual must-visit International Boat Show.