Nick Gerli(@nickgerli1):A mass homebuyer exodus is hitting Miami. Transactions have fallen 47% from their pandemic peak. From 3,600 in August 2021. To only 1,900 in August 2026. This represents the lowest sales activity Miami-Dade has seen since the end of the last housing crash. In fact, sales today are about 25% below pre-pandemic norms. The reason this is happening is because locals in Miami cannot afford the prices. The typical mortgage payment in Miami-Dade, inclusive of taxes and insurance, is $5,000/month. While the local median income is only $80,000. The math simply doesn't make sense, and buyers are locked out as a result. Zoom in to your ZIP to see sales and price data at

2026.09.21 21:13

A mass homebuyer exodus is hitting Miami. Transactions have fallen 47% from their pandemic peak. From 3,600 in August 2021. To only 1,900 in August 2026. This represents the lowest sales activity Miami-Dade has seen since the end of the last housing crash. In fact, sales today are about 25% below pre-pandemic norms. The reason this is happening is because locals in Miami cannot afford the prices. The typical mortgage payment in Miami-Dade, inclusive of taxes and insurance, is $5,000/month. While the local median income is only $80,000. The math simply doesn't make sense, and buyers are locked out as a result. Zoom in to your ZIP to see sales and price data at