MarketWatchMonday! | July 4th

#MarketWatchMonday Time! Existing condo sales in Miami between $400K and $600K jumped 29.9% year on year to 426 deals in May 2022. Mid-market condo sales are growing since there is more availability there. Condos priced between $400K and $600K have 2.6 months of availability. This is the third-highest price range in supply, after $1 million or more (6.2 months supply) and $600,000 to $999,999. (3.9 months). Miami's demand is so great that increased supply would increase sales.