Miami, FL Market Update for June 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: 36.3%*

Average	May 2007	June 2007	% Change
Asking Price	$408,168	$364,756	-10.6%
Sales Price	$485,705	$346,132	-28.7%
% of Asking Price	119%	95%	-20.2%
$/SQFT	$299	$224	-25.1%
Days on Market	92	99	7.6%
Total Transactions	623	574	-7.9%

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 7/9/2007: 18,032 properties on the market with 6,539 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.