Miami Market Report April 2021June 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.
Looking to move? Call us first. We are the real estate specialist.
Rebeca Castellon Group