We are proud to release the second quarter “Elliman Report: Miami and Miami Beach,” the leading resources on the state of these markets. In our quest to provide the greatest depth of information, we have recently expanded our reports to include even more analysis. Miami is now being presented as two regions: Miami Coastal Mainland and Miami Beach/Barrier Islands to better reflect those markets. As always, our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and neutral market insight available.
The Miami Beach/Barrier Islands markets saw housing prices continue to rise, bringing more inventory into the market after last year’s record lows. The prices of luxury condos increased faster than the overall market. The time to sell property fell as negotiability between buyers and sellers remained stable.
Housing prices along Miami Coastal Mainland also experienced both rising prices and an increase in inventory, as more sellers ventured into the market. The market continued to move at a fast pace, while marketing times continued to fall. Cash buyers still made up the majority of sales, especially in the condo market.
At Douglas Elliman, we are constantly looking for ways to provide our clients with better information, empowering them to make more informed decisions. Our efforts to create this market report series reflect our strong belief that access to timely information is a vital resource in a market that is constantly changing. Committed to providing the best information in the industry, we are proud to offer this service to our clients. Explore our full market report series covering Manhattan, Brooklyn, Queens, Long Island, The Hamptons, North Fork, Westchester/Putnam, Miami, Boca Raton, Fort Lauderdale, Palm Beach and our soon to be released Los Angeles report at http://www.elliman.com/marketreports.
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