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September 2019 Monthly Condo Report

Miami Real Estate Report, September 2019 Statistics
 KEY NUMBERS (Compared to September 2018)

· Number of Condo Sales Up 11.4%
· Number of Single Family Sales Up 10.4%
· Median  Condo Price - Up 3.2%
· Median Single Family Price Up 4.9%
· Inventory (# of listings)
          Condos Down 1.9%
          SFH Down 3.1%

 September was positive across the board. Both Condos and Single Family closed sales were up 11.4% and 10.4% respectively with substantial increases in dollar volume - 14.5% Condos and 19.8% Single Family and new pending sales + 7.8% condos and +8.6% Single Family. That, with decreases in inventory , are signs that our market is becoming more balanced - lower supply and higher demand.  Condos and SFH new listings are both down, 11.2% and 8.6% respectively which caused the month’s supply to decrease - another good indicator. Click Links for the Detailed Reports showing how the upper price ranges are ramping up. Next Report - 11/21/19.

SELLING COASTAL MIAMI TO THE WORLD!

Ralph E. De Martino -- Aura Cecilia Rengifo ,
Ocean International Realty
5151 Collins Ave., Suite 227
Miami Beach, FL 33140

Phone 305.695.1105
Fax 305.328.4690
ralph@OIRmiami.com