According to some of the biggest real estate companies in the nation, Miami's housing market is "not very competitive" right now.

That can be hard to believe when you look at prices online.

New data shows a slow market in South Florida.

Prices cool as market softens

Prices are cooling down, and so is the market, according to real estate giant Redfin.

But experts say as the season changes, so will the market.

Buyers and sellers adjust to shift

The housing market has been anything but ordinary over the last five years.

Greg Wood, a first-time homebuyer in 2020 who now invests in real estate, said he has seen both extremes.

"I've sort of seen the highs and the lows, and there are pros and cons of both types of markets… It's a lot more emotional when it's a heavy market," Wood said.

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