Supply and demand are obviously the most fundamental components of any buyer / seller marketplace. While the recent explosion of Miami's real estate market and the significant increase in home values in the last 3 years often seems anecdotal or driven by irrational buyers, the true data and dynamics easily point to a sound and empirical reason why our home values skyrocketed and are here to stay.
In this months market deep dive, I look at the inventory trend and how the last three years performed in relationship to previous trends. Have a look across the active listing inventory trend from 2013 through today in Miami's near south neighborhoods to see how the increase in buyer demand decimated starting in 2019 scooped up what has typically been a pretty steady inventory base year over year. In every case, the trend lines are nothing short of shocking. Seller, now is still the time to maximize your home's value. Call me today for a consultation!
MIAMI NEAR SOUTH SIDE - SINGLE FAMILY HOMES
Coconut Grove
Coral Gables
South Miami
Pinecrest
MIAMI NEAR SOUTH SIDE - CONDO/TOWNHOMES
Coconut Grove
Coral Gables
South Miami
Pinecrest
