WRE News: Surge in Miami’s Housing Values Propels City to Fifth Most Valuable U.S Market

Miami, FL – October 2, 2023 – Miami has become one of the most valuable housing markets in the U.S., a recent Zillow report reveals. Since the onset of the pandemic, housing values in the Miami-Fort Lauderdale area have surged by an impressive 86.6%, reaching a staggering total worth of $1.25 trillion. This surge catapulted Miami from the ninth spot to the fifth in the nationwide metro area rankings, trailing behind only New York, Los Angeles, San Francisco, and Boston in combined housing market value. Florida’s housing market now commands an astonishing $3.62 trillion in total value, securing its position as the second-most valuable housing market nationwide, trailing only behind California.