The Miami Real Estate Market- October 2011
This week we are going to look at the Real Estate market in Dade County.
Let us start by looking at the inventory( the number of homes for sale). The chart below examines the inventory from August 2010 to October 2010 to the same months of this year, 2011. Inventory, the number of homes for sale is decreasing.
Let us start by looking at the inventory( the number of homes for sale). The chart below examines the inventory from August 2010 to October 2010 to the same months of this year, 2011. Inventory, the number of homes for sale is decreasing.
In addition, the number of homes sold for the same period ( August -October 2010 versus August - October 2011) has increased. There were 12.5% more homes sold this period. This also can be seen when one examines the pending units. Pending implies that the dwelling has an executed contract.
The elementary law of supply and demand will certainly rear its wanted head. As our inventory bottoms out and demand kicks in certainly, we predict the value of Real Estate in Dade County will start to escalate. Buyers, in particular must consider purchasing.
posted by Mikisole Property Management @ 6:51 PM
2 Comments
2 Comments:
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