Miami-Dade’s real estate market is showing signs of cooling, with taxable property values growing more slowly in 2025 than last year. A recent report from The County Property Appraiser reveals an 8.5% increase in taxable values this year, down from 10.7% growth in 2024. Experts suggest this could signal a market stabilizing after years of rapid growth, with potential for a buyer’s market ahead.
Read: Landlord Pays $685,000 to Settle Tenant Harassment in California
Market Growth Slows
According to the annual market summary released Friday by the Miami-Dade property appraiser, taxable values increased by 8.5% in 2025. This is the first time since early 2021 that growth fell below double digits, as the pandemic initially impacted real estate sales. This slower growth contrasts with the 10.7% rise seen in 2024, indicating a cooling trend in the market.
Also read: 200-Year-Old Windmill Converted to Family Home Hits Market for £900,000
Appraiser Comments
Property Appraiser Tomás Regalado described the market as stabilizing after years of expansion, saying, “The real estate market, after years of growth, appears to have stabilized.” Although he acknowledged increased new construction activity going into 2025, Regalado expressed skepticism about its continuation: “I don’t believe that trend will continue.”…