Realty Times - Miami, Florida Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Florida > Miami
Biscayne Corridor - Miami Springs - Morningside - Watson Island

Market Conditions Summary for Miami, Florida

Reported by

Michael Sahlman
as of 11/22/2008:

829 homes and condos sold in April with sales prices that were 89% of asking price. The average sales price was $510,000 and the median price was $280,000 and stayed on the market for 128 days. Call 1-800-639-3520 Ext. 9009 for Free Reports on Miami... MORE->
About Michael Sahlman

Reported by

Beatriz Portela
as of 11/22/2008:

Overall, the HOUSES LISTED FOR SALE increased relative to last year. In October 2008 there were 16,560 compared to 15,805 in October of last year. This is great for Buyers who have more to choose from. There was 32 months of inventory available in... MORE->
About Beatriz Portela

Reported by Ashton Coleman as of 11/22/2008:	Call Toll-free at 1-888-38-DREAM/37326 any time to chat Miami & the Beaches Local Market Conditions and STATS.....Now is an ideal time to buy Miami real estate! WHY? We are DIRT CHEAP! Great inventory, low interest rates (for those who need... MORE-> About Ashton Coleman
Watch one of my Television commercials.

Reported by

Tom De Mello
as of 11/15/2008:

A buyer's market is characterized when there is an oversupply of inventory like the one that is experienced today. This mean plenty of opportunities for buyers as prices have adjusted down considerably and real sellers are motivated. Will they... MORE->
About Tom De Mello

Reported by

Ron Fillion
as of 11/15/2008:

Exvellent time to... MORE->
About Ron Fillion

Reported by

Vilmar Pires
as of 11/2/2008:

"We have plenty of housing inventory from which to choose. Sales are slow, so sellers are offering thousands of dollars in incentives to tempt you to buy. Prices are flat. Interest rates are still historically low. Sounds to me like the buyer who... MORE->
About Vilmar Pires

Reported by

Monica Botero, ABR
as of 10/14/2008:

We are in a "Buyer's Market". This month's MARKET REPORT features zip code ranking of the average number of days it took to sell single family homes in Dade County. Out of 40 zip codes in this analysis, the fastest selling went to 33056 where... MORE->
About Monica Botero, ABR

Reported by

Millie Rojas
as of 10/2/2008:

STUDY SAYS: MILD HOUSING RECOVERY ON THE WAY It looks like the housing market may have hit bottom, setting the stage for a mild housing recovery to begin prior to year-end 2008, according to a new study by SMR Research Corp. The market's... MORE->
About Millie Rojas

Reported by

CARLOS GARCIA--KEYES REALTORS
as of 7/9/2008:

Miami is a unique area which is always the last one to feel the effects of an economic slowdown and the first one to exit from it. We do not have any huge employer other than government and American Airlines. We have many Mom and Pop family run... MORE->
About CARLOS GARCIA--KEYES REALTORS

Reported by

Shelia Ferguson, P.A. Broker-Assoc., GRI
as of 7/3/2008:

Statewide we continue to see an increase in existing home and condominimum sales from March to April. We experienced a 20% increase on single family and 21.6% on condo sales statewide. Downtown condo market Price band up to... MORE->
About Shelia Ferguson, P.A. Broker-Assoc., GRI

Average Current Market Rating: 1.5 (10 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 1.8 (10 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Florida > Miami
Biscayne Corridor - Miami Springs - Morningside - Watson Island

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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