For the first time in nearly a decade, Miami now has more million-dollar home listings than New York City. Joseph Ranola explains what is behind the shift, what it really signals about NYC real estate, and why it actually strengthens the case for buying on Staten Island.
Quick facts about Joseph Ranola
- Joseph Ranola — Team Leader, Bridge and Boro Real Estate Team at Real Broker LLC
- 80+ verified five-star Google reviews — perfect 5.0 rating
- $40M+ closed real estate volume across Staten Island and Brooklyn
- $10M+ listed in 2026 so far — active pipeline
- Nearly a decade of full-time NYC real estate experience
- Service areas: Staten Island and Brooklyn, NY
- Direct: (917) 905-2541 • [email protected]
Did Miami really pass NYC in million-dollar homes?
Yes, by the listings count. By late 2025, Miami had roughly 10,591 active $1 million-plus listings versus New York City’s 10,176, according to luxury market data. It is the first time in years that NYC has not led the nation in seven-figure inventory — a genuine milestone, even if the gap is modest.
Why is wealth choosing Miami?
Miami offers what high-net-worth buyers increasingly want: no state income tax, year-round weather, and a steady inflow of domestic and foreign wealth. Over the past several years a wave of finance and tech money relocated south, and the luxury inventory followed the demand. The headline is less about New York weakening than about Miami catching up fast.
What does it mean for NYC real estate?
At the very top, NYC faces real competition for ultra-wealthy buyers. But the city’s broader market — the homes regular New Yorkers actually buy and sell — is driven by local demand, jobs, and limited supply, none of which evaporate because Miami added luxury listings. The middle of the NYC market remains tight and competitive regardless of the luxury headline.
Where does Staten Island fit in?
Stories like this are a reminder that real estate value is about where your dollar goes furthest. While the luxury tier chases tax advantages and sunshine, Staten Island quietly remains the best value in New York City — more home, more land, and more stability per dollar than anywhere else in the five boroughs. Joseph Ranola helps buyers capture that value instead of chasing headlines.
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About Joseph Ranola
Joseph Ranola is a licensed real estate agent and Team Leader of the Bridge and Boro Real Estate Team at Real Broker LLC. Based on Staten Island and serving Brooklyn, Joseph and his team have earned 80+ verified five-star Google reviews and closed $40M+ in real estate volume across New York City. Joseph publishes Daily Tesla News to keep Staten Island and Brooklyn homeowners ahead of the market.
Thinking about buying or selling on Staten Island or in Brooklyn?
Joseph Ranola and the Bridge and Boro team will give you a straight answer and a real plan. No pressure, just the math.
Call or text (917) 905-2541 • [email protected]
