What You NEED TO KNOW About Miami's Rental Market (2024)
Miami's rental market is ALL over the place so if you're looking at Miami investment real estate, this video is a must-watch. 2-bedroom rentals took a big drop this month of 4% while studios took a big leap up 4.2%, all while the median rental price of all property types stayed the same for the 5th month in a row! Talk about stability! But what do you need to know if you're looking to invest in Miami? What should you know if you're a renter? Or you're looking to move to Miami from elsewhere? All of that and MORE is answered in THIS video so tune in and take notes!
Reach out to me directly at the contact info below for professional, expert real estate guidance in the Miami real estate market. Make sure to smash Subscribe, the notification bell, and the Like button before you go! Thanks for watching!
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💎 Jake Fletcher is the founder of The Fletcher Group in Miami, FL
💎 He is a licensed Realtor® at eXp Realty
🏆 Voted Top 3 Rookies of the Year in all of Miami by Miami Agent Magazine in 2019
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💡 Book a free consultation - https://bit.ly/3MjslfX
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👨🏻💻 Jake Fletcher - Your Friend in Real Estate
🏡 Listing Specialist - Fletcher Group
🏝 eXp Realty - Miami, FL
📲 Call/Text Direct at (305) 812-9181
📧 [email protected]
💻 fletchergroupre.com
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💭 "A great Realtor is a friend you can trust who will also help you achieve your next real estate goal with the best possible results." 💾
*All data comes from CoreLogic and the MIAMI MLS
0:00 - Intro
1:05 - Inventory
3:21 - Median Rental Price vs Number of Transactions (Also Avg. DOM vs Close to Original Price Ratio)
6:45 - Median Rental Price vs Number of Transactions (Studios)
7:46 - Median Rental Price vs Number of Transactions (1 bedroom)
8:34 - Median Rental Price vs Number of Transactions (2 bedrooms)
10:10 - Median Rental Price vs Number of Transactions (3 bedrooms)
11:12 - Median Rental Price vs Number of Transactions (4 bedrooms)
13:14 - Months of Inventory vs Expired Listings
14:57 - Conclusions
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