Recent data show Miami-area home values stabilizing near recent peaks amid elevated 30-year mortgage rates near 6.8% and cooling domestic migration, as high insurance, property taxes, and living costs have accelerated out-migration from Miami-Dade. Trader consensus centers on the $809K–$830K range at 31.5% implied probability, reflecting modest appreciation or flat performance through year-end, supported by persistent low inventory from the rate lock-in effect and resilient demand from international and high-income buyers. Wider dispersion across buckets highlights uncertainty around potential Fed rate path changes, seasonal transaction patterns, and any acceleration in condo supply or affordability-driven slowdowns that could cap gains below $809K or push values toward $870K+.