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Miami Faces Global Real Estate Bubble Risk, Prices Dip

9/28/2025

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Summary

Story summary

Miami has the highest real estate bubble risk globally, UBS says, score 1.73.
Prices cooled after 15 years of gains, with three months of unsold inventory.
High insurance costs and HOA fees deter buyers.
Median sale price was $595,000 in July 2025, down from $640,000 a year earlier.
Florida market value fell by $109 billion from July 2024 to June 2025.

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Story summary

Miami has the highest real estate bubble risk globally, UBS says, score 1.73.
Prices cooled after 15 years of gains, with three months of unsold inventory.
High insurance costs and HOA fees deter buyers.
Median sale price was $595,000 in July 2025, down from $640,000 a year earlier.
Florida market value fell by $109 billion from July 2024 to June 2025.