Palmetto Bay, Florida, USA145 Property Listings
- Unit No. 105
8950 SW 152nd St # 105, Palmetto Bay FL 33157
Palmetto Bay, Miami-Dade County
N/AN/AN/Aft²$3,000A10573039 • A-Miami Association of REALTORS
7400 SW 144th Ter, Palmetto Bay FL 33158
Palmetto Bay, Miami-Dade County
423061ft²$1,650,000A11658196 • A-Miami Association of REALTORS
10032 E Hibiscus St, Palmetto Bay FL 33157
Palmetto Bay, Miami-Dade County
321139ft²$389,900A11670240 • A-Miami Association of REALTORS
10030 E Hibiscus St, Palmetto Bay FL 33157
Palmetto Bay, Miami-Dade County
321139ft²$389,900A11670405 • A-Miami Association of REALTORS
7600 SW 148th Ter, Palmetto Bay FL 33158
Palmetto Bay, Miami-Dade County
422537ft²$1,480,000A11661501 • A-Miami Association of REALTORS
Market Analysis
2024-2025 South East Florida Housing Outlook: Key Insights
As inflation eases and the economy slows, the Federal Reserve is expected to cut rates by 2025, setting the stage for a housing sales recovery and price growth in Southeast Florida. Mortgage rates are projected to decline to 6.6% by late 2024 and 5.7% by 2025, which will boost affordability. While home sales may decrease in 2024, they are expected to rebound by 2025, driven by demand for single-family homes, with over 1,000 renters potentially becoming homeowners. Single-family home prices are forecasted to rise by 7% annually, with nearly 10% growth in 2025. Meanwhile, Southeast Florida's economy will see employment growth of 2.4% in 2025, adding 80,000 jobs, while business tax cuts and global investment will further fuel regional growth. Overall, the region’s housing market will benefit from lower rates, improved affordability, and a robust local economy.