Miami Real Estate – 2010 Snapshot

For single family homes as of December 2010:

  • Median Price $172,000 vs $400,000 peak in May of 2007
  • 8156 single family homes listed on the MLS vs a peak inventory of 17,070 in July of 2008
  • Currently there is a 10 month supply.  A 6-9 month supply is a stable market, so we are getting closer.

For condos as of December 2010:December 2010

  • Median Price $101,000 vs $215,000 peak in January of 2008
  • 15,116 condos listed on MLS vs 24,905 at peak in May of 2008
  • Currently there is a 12 month supply, so we still have a ways to go to stabilize the condo market.

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Jennifer Wollmann

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