Gables current condo inventory has fallen to levels last seen in the summer of 2006. That was when the supply began to rise. Over the past 12 months, the number of available condos has fallen by approx. 25% , which is a better condition for Sellers. On the other hand, prices per square foot have fallen about 36% to 41%, which is a good thing for Buyers. With inventory levels on the decline, this is a good time to jump into the market, before interest rates increase. If you are an investor, it is also great because the rental market is strong. There is currently a shortage of quality properties for rent. Miami-Dade County has also experienced a dip in inventories over the past 12 months by about 24% and the price per square foot is beginning to very slowly increase. Why wait? Make your purchase now.