High-end buyers in and around Miami are benefitting from a bigger scope of for-sale homes, helping keep the overall supply in a healthy range. But a closer look from EWM Realty International’s Insight Report shows South Florida luxury properties flooding the market, while those under $300,000 are in only two months supply.
- Homes under $300,000 in South Florida are in only two months supply.
- Months supply for single-family homes over $1 million in Miami-Dade County is currently 23 months.
- Miami-Dade County and Broward County both saw increases of luxury single-family homes and condos over the past year, at almost 49 percent and 38 percent, respectively.
- Since January 2016, 37 percent of all single-family homes and condos currently for sale in Southeast Florida’s MLS have reduced price by an average 10.5 percent.
Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018