Miami Real Estate: Inventory At Lowest Level Since 2008

Have you been frustrated in your search for a home?  That may be because, despite what you read about the housing market being in the slumps and high inventories, a lot of those stories are talking about the national housing market.  The local Miami real estate market is different.  Because prices have dropped so low, buyers have been snapping up properties, mostly in cash transactions.  If you are looking in a specific neighborhood and price range, the inventory will probably be even tighter.