Inventory is reducing in size as sales continue to hold!
Prices have decreased enough to begin to bring the real estate market back to a state of equilibrium. This will still take some time but we are certainly on our way! The current total inventory has finally fallen below $1 billion. The inventory in Coral Gables stands at 464 homes listed at approximately $999,225,074.
This year alone, Coral Gables has closed 134 sales totaling $159,267,182. This time last year there were only 87 closed sales totaling $91,693,197 . The County of Miami-Dade has closed 3,020 sales this year totaling $963,430,884
2010 home sales in Miami Dade county are outperforming 2009 sale by 17.8% so far!
If you would like to schedule a listing appointment or are interested in purchasing real estate in Miami please contact us via the “contact” tab at the top of the page. 305.329.7728
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