South Florida Real Estate Update: December 2025

Mortgage rates dip slightly, while migration trends continue to shape the housing market in Southeast Florida.

• 30-year mortgage rates fell to 6.23%, down from 6.26% last week; 15-year rates decreased to 5.51%.
• Despite media speculation, data suggests Miami’s housing market is stabilizing rather than entering a bubble.
• New York counties remain the top sources of migration to Southeast Florida, with significant tax incentives driving this trend.
• In Q2 2025, New York County, Nassau County, and Suffolk County led the influx of out-of-state movers.
• Local events in December include the Palm Beach Food & Wine Festival and the Winterfest Boat Parade, highlighting community engagement.

What it means

• The slight dip in mortgage rates may encourage potential buyers to enter the market, possibly increasing demand.
• Ongoing migration from high-tax states like New York could sustain housing demand in South Florida, supporting price stability.

Looking ahead

• As the year closes, analysts will monitor how seasonal trends affect home sales and prices in South Florida.
• Future migration patterns may shift as remote work policies evolve, influencing demand dynamics in the region.