Affordability shock and weaker domestic migration challenge Miami demand

Recent coverage reinforces that Miami-Dade lost nearly 73,000 domestic residents as housing, insurance, taxes, and HOA costs rose, while New York-to-Miami migration weakened. Ultra-wealthy buyers and $10 million-plus transactions remain active, but the widening gap between luxury demand and middle-market affordability raises workforce-retention and broader housing-demand risks. No new verified migration or pricing trend emerged.