Miami, TX 79059 housing market

What this means

• Supply. There are 67% more homes for sale than the 2017-19 norm, so buyers have more to choose from than before the pandemic.
• Negotiating. Buyer leverage is high (100/100; U.S.: 54): homes sell for about 8.4% below their final list price (as of Jan 2025); 40% of listings had a price cut (U.S.: 26%).
• Disaster risk. FEMA expects about $237 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from wildfire. Check insurance costs before buying.