Market Trends - South Miami

Market Trends - South Beach

Below you will find the latests market trends for the South Miami area.

Lina Rivera Jul 11, 2017

Number of Homes For Sale vs. Sold vs. Pended (Last 2 years) Market Trends - South Beach Market Trends - South Beach
May 2017 is a Neutral market**

Home For Sale in May 2017 is 58 units. It is down 6.5% compared to the last month and up 18.4% compared to the last year.
Home Closed in May 2017 is 13 units. It is up 18.2% compared to the last month and up 85.7% compared to the last year.
Home Placed under Contract in May 2017 is 13 units. It is down 7.1% compared to the last month and up 62.5% compared to the last year.

Months of Inventory Based on Closed Sales (Last 2 years) Market Trends - South Beach Market Trends - South Beach
May 2017 is a Neutral market**

Months of Inventory based on Closed Sales in May 2017 is 4.5. It is down 19.5% compared to the last month and down 35.7% compared to the last year.

**Buyer’s market: more than 6 months of inventory based on closed sales. Seller’s market: less than 3 months of inventory based on closed sales. Neutral market: 3 – 6 months of inventory based on closed sales.

Market Trends - South Beach

*All reports are published June 2017, based on data available at the end of May 2017, except for the today stats. This representation is based in whole or in part on data supplied by the Realtor Association of Miami, the Greater Fort Lauderdale Realtors, or the Southeast Florida Multiple Listing Service (MLS). Neither the Associations nor their MLS guarantees, or are in any way responsible for its accuracy. Data maintained by the Associations or their MLS may not reflect all real estate activity in the market. This statistical information is produced by and for the exclusive use of EWM Realty International. Report reflects activity by all Brokers participating in the MLS.