Residential realty: ‘prediction is this will be a record year’
Written by Kylea Henseler on January 26, 2021
Miami-Dade’s residential real estate market rose from the ashes of a catastrophic second quarter last year to a roaring recovery buoyed by low mortgage rates and an influx of northerners, and local experts say the market will stay hot in 2021.
Despite a shutdown-induced lull in April, Miami Today reported, Miami-Dade total home sales jumped 20.8% from 2019 to 2020. Mike Pappas, president and CEO of The Keyes Co., said they may keep climbing, noting that realtors may close 3% to 5% more sales in 2021 than last year.
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