Luxury Miami Real Estate

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550 South Dixie Highway

Coral Gables, FL 33146

Cell: 305-798-8685

Office: 305-960-5330

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The Miami Condo Market is Back!

55 SE 6 St 01

We’ve been so focused on the come back of the single family home market in Miami this year, we haven’t really looked at the condo market recently which is proving to be stronger than it’s been in years! We are currently down to a 7-month inventory on non-distressed condos in Miami (remember, 6-12 months of inventory is considered “healthy”). Since last year at this time, the number of non-distressed condos on the market in Miami-Dade County has dropped 20% (from 7,305 to 5,851 today) and we have had a 33% increase in the average number of sales (from 657/month to 874/month)! If you can believe it, the median price of these condos has gone up 4% as well, from $239,000 to $249,000! It seems to be great news for the Miami condo market and hopefully this positive trend will continue through the year.

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