What's it like for first-time homebuyers looking at Miami?

South Florida is cited as a difficult market for first-time buyers
  • No South Florida housing market ranked in the top 50 in terms of affordability for first time homebuyers.
  • Zillow ranked the Miami-Fort Lauderdale as the sixth best buyer's market in the nation.
  • Stats from various sources differ when it comes to sales-to-list price ratios.

Two recent reports point to South Florida as an unaffordable region for first-time homebuyers. However, other recent data suggests the Miami metro is a top buyer’s market where individuals are actively buying within the lower tier price points.