Miami Real Estate Market Presentation as of June 2008
Our “Miami Real Estate Market as of June 2008″ presentations is now available.
The goods news is that residential sales have increase an average 4.9% every month since Jan. 2008 as inventories of unsold properties have also increase – but at a smaller pace – 1.5% monthly since Jan. 2008.
Although inventory keeps rising every month, the monthly percentage increase is a far cry from the double digit percentages experienced two years ago.
Clearly we are seeing more and more bargain hunters asking for bank owned properties (REO’s) like there is no tomorrow.
Traditional sellers are not staying behind either. Those sellers who truly need to sell, are forced to discount somewhat aggressively if they intend to sell in this market.
Take a good look at our “Miami Real Estate Market as of June 2008″ presentation and if you have any questions or comments, please send me an e-mail to: michael.schnabel@mac.com or call me at 305.450.0036
