Miami had 22,286 agents in Q4, and only 20.3% were active, indicating signs of a cooling real estate market.  Active real estate agents dropped 36.3% last quarter.  The recent drop in active agents on the market signals the end of a pandemic housing boom.  Brokers boosted their numbers due an increased demand over the past two years.  The Federal Reserve’s war on inflation and subsequent mortgage rate hikes have reduced sales volume.