[youtube]https://www.youtube.com/watch?v=0sHYuLeqITw[/youtube]
EWM Realty International’s president Ron Shuffield discusses trends we are seeing from Mid Year 2016 is that inventory in Miami Dade County is leveling off after months of significant increases in throughout 2016.
The $1 million to $1.999 million price range of single-family homes
and condos in Miami-Dade County has experienced substantial inventory increases over the past year. With sales chiefly flat, overall inventories in this price range have increased 50% in Miami-Dade during the time-period of June 2015 versus June 2016 (1,468 to 2,207). During that time-period, single family homes in Miami-Dade registered a 45% increase (556 to 808) and condominiums registered a 53% increase (912 to 1,399).
In the $2 million plus price point, in Miami-Dade
County inventories of single-family homes and condominiums
have been rapidly growing over the past 12 months.
While sales at this price point remains consistent, overall inventories have increased 49% in Miami-Dade during the time period of June 2015 versus June 2016 (1,397 to 2,075), with single family home inventories up 42% (659 to 933) and condominium inventory up 55% (738 to 1,142).
Ininventory levels, which, at this point, should be in the
12- to 18-month range, reflect significant increases.
*This information has been provide by EWM Realty International’s by the Insight Mid-Year Update for Miami-Dade & Broward County for the full report click here.
