According to the Miami Association of Realtors, the greater Miami residential property market continued its historic run of home sales with its best-ever January sales month as existing condo transactions surged for the 16th consecutive month.

The red-hot market is coming off a historic 2021 that saw Miami shatter many records, including its all-time annual total home sales, highest annual total dollar volume, most single-family home sales, most condo transactions, and more.