Miami, FL Market Update for July 2007

Here are the latest real estate market statistics for Miami, FL area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 37.3%*

Average	June 2007	July 2007	% Change
Asking Price	$364,756	$381,984	4.7%
Sales Price	$346,132	$411,988	19.0%
% of Asking Price	95%	108%	13.7%
$/SQFT	$224	$253	12.9%
Days on Market	99	102	3.0%
Total Transactions	574	490	-14.6%

Search for homes in Miami, FL and read a neighborhood overview of the Miami, FL area.

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 8/7/2007: 18,330 properties on the market with 6,838 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.