Metropolitan Miami is the 4th most valuable real estate market in the United States with 864.2 billion dollars of total housing value.
This according to a chart just published by Bloomberg News based on Zillow Research
The reports also note that the value of all U.S. housing stock increased by 6.5 percent in 2017. This $2 trillion increase is the fastest gain in home values since 2013. Miami’s increase lagged behind the national average with a 4.7% increase.
Total Value of All U.S. Homes: $31.8 Trillion. How Big Is That?
If you add the value of all the homes in the United States together, you get a sum that’s a lot to get your mind around: $31.8 trillion.
How big is that? It’s more than 1.5 times the Gross Domestic Product of the United States and approaching three times that of China. Total U.S. home values have grown $1.95 trillion over the past year — more than all of Canada’s GDP or two companies the size of Apple.
Altogether, homes in the Los Angeles metro area are worth $2.7 trillion, more than the United Kingdom’s GDP. That’s before this luxury home on steroids hits the market.
In the New York City metro, total home values equal $2.6 trillion, more than the French economy — and enough money to buy 8,494 Boeing 787-10 Dreamliners.