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Miami Market Report April 2021

June 2, 2021

The Miami Real Estate market is hotter than ever!

The Miami real estate market continues to be in high demand. Average price sold for single-family homes and condos/townhome increased in April. Meanwhile, months of inventory continued to decline. It will be interesting to see what happens after more states open and life returns to “normal”. Will people and businesses continue to relocate to Miami?

Single-Family Homes April 2021

The average price sold for single-family homes was up significantly year-over-year to $1.15 million. Months of inventory significantly declined to 1.7 months.

Condos & Townhomes April 2021

The condo & townhouse market is also strong. Due to the high prices of single-family homes, more buyers are opting to buy condos & townhomes. April 2021 was the highest average sold price in recent years. Months of inventory was at lowest level within the same time period. Looking to move? Call us first. We are the real estate specialist.

If you’re thinking of selling and curious about the value of your home in today’s evolving real estate market, contact Rebeca Castellon Group today. We would be happy to provide you with a no pressure home valuation and help you reach your real estate goals!

Connect with us:
Rebeca Castellon Group
305-600-8493
Rebeca@Property305.com

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LinkedIn: Rebeca Castellon
Facebook: Rebeca Castellon Group

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