MarketWatchMonday! | May 9th

#MarketWatchMonday Time!  Miami existing condo luxury ($1-million-and-up) sales surged 40.4% year-over-year to 389 transactions. Miami luxury condos boast an inventory of 5.8 months of supply, portending more future growth in the sector given the high demand. Luxury months of supply continues to trend downward for all property types because of the robust demand.