Miami Real Estate Market Presentation – Just Updated as of Jan. 2009
Monday, March 9th, 2009We just updated our Miami Real Estate Market Presentation! and we have great news to report!
The number of Residential properties listed for Sale in Miami-Dade County continues the downward trend it began last June 2008 when it seems to have peaked at 41,924.
As of January 2009 the number of Residential properties listed for Sale in Miami-Dade County was 36,418. The following chart shows every December since 2002, but it also includes January 2009:
In addition to what is listed for sale, we also need to look at the number of properties sold each year.
And although the number of properties sold in Miami-Dade County has declined every year since 2005, the change from 2007 to 2008 has raised expectations for a positive change in 2009. See the following chart:
More and more bargain hunters are asking for properties listed for sale as bank owned properties (REO’s) or Short Sales (SSL’s).
Traditional sellers (non REO’s and non SSL’s) also have become more realistic about their asking prices. Those sellers who truly need to sell, are discounting more aggressively in order to compete with REO’s and SSL’s.
If you have any questions or comments, please send me an e-mail to: michael@miamiflorida.com or call me at my mobile 305.450.0036

















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