The cost of housing in Miami is down 28% since last year

According to CBS News, housing affordability in sunny Miami continues to fall. Compared to record prices in September 2021, sales in Miami in September 2022 are down as much as 28.1%.

Inflation, rising mortgage prices, and record high prices make buying a home in Miami extremely difficult. Despite this, many people are still interested in buying a home or renting in this city. This is because Miami is a great place to live, with great weather and lots of interesting sights to see.
According to the Miami Association of Realtors, total sales in September 2022 exceeded total sales in Miami before the pandemic. Prices increased by 18.8% in 2021 alone. That was a record since 1987, when such calculations began.

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