Miami, FL January 2007 Market Update
Here are recent real estate statistics for Miami, FL. These numbers represent single family (SFR) homes and condos. Percentage of homes on the market where the price has been reduced: 30.9% *
| Average | December 2006 | January 2007 | % Change |
|---|---|---|---|
| Asking Price | $418,561 | $409,240 | -2.2% |
| Sales Price | $398,161 | $387,315 | -2.7% |
| % of Asking Price | 95% | 95% | 0.0% |
| $/SQFT | $252 | $239 | -5.2% |
| Days on Market | 129 | 134 | 3.9% |
| Total Transactions | 3,194 | 2,092 | -34.5% |
Read neighborhood overview summaries for Miami and Fort Lauderdale, FL. Search for homes or condos in the greater Miami, FL area. Find a community profile for Miami, FL.
All numbers are from the MLS and are deemed reliable but not guaranteed. Market reductions as of 2/8/2007: 15,783 properties on the market with 4,872 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.
These are some pretty bleak statistics for Realtors, mortgage professionals and investors who got caught without a tenant to carry you through the lean time until things pick up.
But Realtors and investors all over South Florida are discovering a way to help their clients reduce asking prices in order to move their properties. . . and still make more money.
Respectfully,
RJON ROBINS
Earn 1/2% Every Time A Property You Own Is Re-Sold For The Next 99 Years
Posted by: Rrobins@FreeholdLicensing.com | March 22, 2007 at 05:33 AM