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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.

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