A FEW NOTES ON THE STATS:
- Inventory in the county has dropped, we have a 6 month supply "normal market conditions" of homes for sale (light green bars).
- Pending sales are up to 1,515 for June 2011, the highest we've seen in over 7 years...
- Short sale inventory equals 33.1% of our total home inventory for sale.
- Pricing remains steady overall for Miami-Dade... average single family home up to $341,000 from $338,000.
- Lack of inventory and increase in buyer activity w/low mortgage interest rates is what's keeping our prices stable now, rather than declining.
- This statistic is for Miami-Dade county as as whole. Contact me for specific information about Coral Gables, Coconut Grove, Pinecrest, Miami Beach, Palmetto Bay, South Miami, or your specific neighborhood in Miami Dade or Broward County.
For more detail or market discussion, contact me directly at 305-345-8153, or at Lisa@FoxProductions.com.
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