Metro Miami homeowners are staying put the longest since 2000
Add Axios as your preferred source to
see more of our stories on Google.
Metro Miami homeowners are staying in their houses for the longest time in at least 25 years, largely thanks to their low mortgage rates, according to a report from ATTOM, an industry data provider.
Why it matters: That — along with still-high home prices and tight inventory — is keeping the housing market on ice nationwide.
The big picture: South Florida sellers at the end of 2025 had owned their homes for an average of 9.4 years — a record in data going back to early 2000, when the average was 1.6 years.
Zoom out: That far exceeds the national average of 8.6 years, though the trend line over the last 25 years is similar.
What we're hearing: Homeowner tenure has increased steadily in almost every major metro area over the past two decades, according to ATTOM, an industry data provider.
What we're watching: Some golden handcuffs are starting to come loose.
- For the first time since 2020, the share of U.S. homeowners with mortgage rates of 6% or higher exceeds those with rates below 3%, a new Realtor.com analysis finds.