Miami-Dade Report
April 1, 2010
Total Inventory available for sale: Months of Inventory
January 2009 36,418 30.4 Months
February 2010 24,218 18 Months
Median Price:
January 2009 $164,000
February 2010 $141,000
Last 6 Months in Miami-Dade County:
20.5% of closed sales were short sales
39% of closed sales were REO properties
Active Listings:
36% of Active Listings are short sales
5% of Active Listings are REO’s
Last 6 Months in Miami-Dade County:
69% of closed sales were under $250,000
89% of closed sales were under $500,000
Months of Inventory:
$0-250,000 6.7
250-500,000 14.5
500-1,000,000 23
1,000,000-2.5 32
2.5-5 mm 55
5-10 mm 40
10+ mm 15 years
Million $ Sales Market has increased overall in Miami-Dade and Broward County YTD by 26% over last year.
Days on the Market over last 12 months: 111 Days
Amit Bhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com
www.google.com/profiles/avbhuta
Real Estate Helper
Kendall Village Homes
(305) 439-3031
www.DadeCountyMLS.com
www.google.com/profiles/avbhuta