Miami Beach Housing Market

The housing market in Miami Beach is definitely improving.  I’m sure most real estate agents are still feeling pinched, but if you look at the stats below, it’s plain and simple what’s going on here.  Check out what’s going on with the available (for sale), and the sold and pended properties.  The % change for closed and pended sales is way up, while the inventory of for sale homes is down over 11%.  Things are headed in the right direction.

1 month 1 year 15 months June 09 July 09 % Change July 08 July 09 % Change May 08 July 09 % Change For Sale 424 407 -4% 445 407 -8.5% 461 407 -11.7% Sold 24 21 -12.5% 13 21 61.5% 11 21 90.9% Pended 28 32 14.3% 11 32 190.9% 17 32 88.2%