Miami Sellers Outnumber Buyers 2 to 1 | Carol Strom real estate broker. Founder of USAfitpros.com 50 state Telehealth and Labs bolt-on virtual LegitScript business

In current Miami market, sellers outnumbered buyers by an estimated 140%, making it the most imbalanced buyer's market among major metros analyzed.
The imbalance meant Miami house hunters had meaningful leverage, with more room to negotiate price, concessions, and repairs than in tighter markets.
Miami's condo-heavy market saw more owners list homes while some buyers stepped back, adding to the seller surplus in the current market.
Years of aggressive homebuilding helped expand supply around Miami, while elevated mortgage rates and record prices limited buyers in the current market.
An expert said buyers with the budget to move now had power, and many sellers were more willing to compromise than in recent years.