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Miami Real Estate Market Continues To Strengthen


Miami, Fl, US – The Miami real estate market continues to strengthen compared to last year, the homes and condo/apartment prices are stabilizing and more buyers are acquiring properties in Miami.
The sales of single family homes increased 12% compared to august 2009 and 59% in condo/apartments.
The median price for a single family home in Miami decreased 6% to $182.000 compared to 2009 and the condominiums median price in august was $104.000, down 28% from last year.
Days in the market and inventory levels decreased, and this is a good sign that shows that the market it’s getting strong again. Inventory dropped 6% compared to last year and days in the market decreased 16.7% to 92 for single family homes and 19.3% for condominiums to 103 days, according to the Miami Association of Realtors. To check the inventory of Miami properties go to:
One of the biggest players in the Miami real estate market recovery are the international investors with cash offers to speed up their transactions.
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