Miami now has the dubious distinction of being the nation’s leader in frustrated home sellers pulling their listings off the market, a new report shows. This comes as housing prices remain stubbornly elevated in Miami, which reinforces why renting is the smart choice today. 

For every 100 for-sale listings in Miami, 59 of them are being removed from the market, according to a Realtor.com analysis. That is a significantly higher ratio of delisted-to-listed homes than the second-highest U.S. city. Despite this trend, less than 18% of listed homes in Miami are offering a price reduction. 

“Miami's resolute home sellers have been increasingly turning to an alternative strategy: pulling their properties off the market and waiting out the slump,” the Realtor.com piece states.  

Realtor.com Chief Economist Danielle Hale notes that “this points to sellers anchored to peak-era price expectations and willing to wait rather than negotiate. In Miami’s case, the data signal a patient seller dynamic, with homeowners increasingly opting to delist their property rather than compromising on price.” 

Going forward, an already tight Miami housing market is going to get even tighter. Fortunately for would-be buyers, brand-new Miami rental building Douglas Enclave has available apartments and an amenity offering that compares favorably with those found at luxury condominium buildings. 

Douglas Enclave is an 11-story, 199-unit building with brand-new Little Havana apartments available for rent. It includes a thoughtful mix of studio apartments, one-bedrooms, two-bedrooms and townhomes for rent. Individual apartments feature vinyl-wood flooring, open-concept kitchens, stackable washer/dryer units and efficient appliances. 

Additional building amenities include a club lounge, bike racks, gated parking garage and a package delivery room. Douglas Enclave is extremely transit-friendly and located next to a Coral Gables Trolley stop. 

Little Havana is one of Miami’s most popular neighborhoods to live in because of its convenient location, rich history, culture and many things to do. The neighborhood is perfectly positioned near the world-class shopping and dining of downtown Coral Gables, and a short drive from Miami’s bustling Brickell financial district. 

For more information about Douglas Enclave, call (786) 610-4811 or visit the leasing office located at 61 NW 37 Ave. between 9:30 a.m. and 6 p.m. from Monday to Friday, and between 10 a.m. and 5 p.m. on Saturday. Douglas Enclave is part of Miami-Dade County’s Workforce Housing Program – contact the leasing team for more details and qualification requirements.