Skip to main content

Points of Interest about the Current Residential Real Estate Market

In the time period from May 2009 to July 2010, the inventory of homes and condos in Miami-Dade County has gone down by approximately 22%.
  • For the same period, the number of month’s supply of homes decreased by approximately 27%, from a 24.4 month supply to a 17.8 month supply of homes, as compared to closed sales.
  • The number of homes that have sold during this period increased nearly 8%.
  • The number of homes that have gone under contract (pended) for this same period is up by approximately 22%.
The landscape of residential inventory in Miami-Dade County is decreasing, while prices are stabilizing. Have we hit bottom, and are we about to see a rise in prices? Post your comment here and forward to your friends.

Comments

Post a Comment

Popular posts from this blog

SOUTHCOM Change of Command Presided over by Defense Secretary Panetta and Veteran's Day Ceremony at Jungle Island

General Douglas Fraser, U.S. Southern Command, giving the keynote address at the Jungle Island Veteran's Day event.                  U.S. Secretary of Defense Leon Panetta, Chairman of the Joint Chiefs of Staff Army General Martin Dempsey, incoming SOUTHCOM Commander Gen. John Kelly and outgoing  SOUTHCOM Commander  Gen. Douglas Fraser at Change of Command Ceremony on November 19, 2012 . General Douglas Fraser of the Southern Command is retiring after nearly 40 years of service to the United States Air Force. At a Veteran's Day celebration held at Jungle Island in Miami, the General was recognized along with other veterans for their outstanding dedication to protecting our country.     Last week, Gen. Fraser was also honored by United States Secretary of Defense Leon E. Panetta, who commended his accomplishments in leading SOUTHCOM. Secretary Panetta described the General's notable efforts to provide humanitarian assistance and disaster reli
Post a Comment
Read more

Peter Dolara of American Airlines Honored at the Biltmore

Business and civic leaders from around Miami and South Florida joined last week at the Biltmore Hotel to honor Peter Dolara for his service to the South Florida community as Vice President of American Airlines. M r. Dolara, who joined the airline in 1963, will retire handing over the Vice President post to Art Torno. American Airlines has about 9,000 employees in South Florida and more than 300 flights a day, up from just 18 flights in 1989 when Mr. Dolara took the helm. Pictured:  Art Torno, Miami International Airport Director Jose Abreu (receiving Eagle Award) and Peter Dolara.
Post a Comment
Read more

Single Family Home Prices Up

Thought you would find this interesting. Single family home prices in Coral Gables have been rising since inventory started dropping in 2009 when we had 650 homes for sale on the MLX. It is a case of supply and demand and the supply is definitely dropping in all price ranges but especially in the $2M and under range. What bodes well for South Florida real estate bodes well for the rest of our economy and should help all businesses soon as well as our non-profits. There are also going to be a large amount of closings coming up in December as we have seen tremendous traffic the last three months.
Post a Comment
Read more