Miami jumps in Zillow's 2025 top real estate markets
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Miami landed in the Top 20 hottest housing markets for 2025, according to Zillow's annual ranking that forecasts the most competitive housing markets for buyers.
Yes, but: This year's hottest housing markets are spreading westward, marking a continued shift in America's centers of power and jobs. Last year, the Rust Belt dominated Zillow's annual market ranking.
Between the lines: Markets at the top of the list are largely "starved for housing inventory," the real estate platform tells Axios.
- These regions tend to be relatively affordable with strong job and wage growth.
Zoom in: Miami landed at No. 15, up 10 positions from last year.
- It was an outlier in the Sunshine State. The other three Florida metros in Zillow's top 50 all dropped: Tampa by 19 spots to No. 29, Orlando by 14 places to No. 23 and Jacksonville by nine spots to 40th.
The big picture: Zillow senior economist Orphe Divounguy tells Axios homes in some falling markets are already sitting on the market longer, and home values are expected to depreciate.
The bottom line: Affordability and inventory are the name of the game.