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.