Miami, FL Is Number One

Miami, FL is the number one town on REALTOR.com’s Q4 Top 10 Turnaround Towns Report. According to the Miami Association of Realtors, sales of existing single family homes in the Miami Metropolitan Area increased 51% in the 3rd quarter compared to a year ago. Miami has half as many properties in Realtor.com’s inventory of listings as it had a year ago. Also, Miami continues to be a hot market for international buyers. In May, international buyers purchased about 60% of the existing houses and condos and 90% of the newly built homes in Miami. According to the experts, Miami, one of the hardest hit foreclosure markets, is on its way back.

Fort Lauderdale, FL made the list as well coming in at number eight. The list also includes several other Florida cities.

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