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[Up + Less Distressed] 2Q 2013 Miami Report

Posted By Jonathan Miller On July 18, 2013 @ 2:58 pm In Douglas Elliman,Elliman Reports,Florida,Miami (Beach + Mainland) | Comments Disabled


We just published our report on the Miami Coastal Community housing markets [2]. This is part of an evolving market report series I’ve been writing for Douglas Elliman [3] since 1994.

Key Points

  • Inventory fell to 8-year low.
  • Jump in both number of sales and signed contracts.
  • Housing prices rose above year ago level.
  • Median sales price rose to highest level for second quarter in 8 years.
  • Credit remains tight keeping inventory low.
  • Heavy contract momentum carrying into next quarter.

Here’s an excerpt from the report:

The overall number of sales rose by 15.4% to 6,416 to the highest total since we began tracking this metric in 2006. The market share for non-distressed sales comprised 67.2% of all market sales, up from 46.6% in the same quarter three years ago…There were 9,490 listings at the end of the second quarter, 18.8% less than in the prior year quarter. Distressed inventory fell by 44.1% and non-distressed inventory was down by 12% over the same period…

You can build your own custom data tables [4] for Miami as well as view charts on the Miami [5] market, all updated with 2Q13 data.

The Elliman Report: 2Q 2013 Miami Sales [Miller Samuel [1]]
The Elliman Report: 2Q 2013 Miami Sales [Douglas Elliman [2]]
Aggregated Custom Market Data Tables [Miller Samuel [4]]
Miami Market Charts [Miller Samuel [5]]

Article printed from Miller Samuel Real Estate Appraisers & Consultants: http://www.millersamuel.com

URL to article: http://www.millersamuel.com/up-less-distressed-2q-2013-miami-report/

URLs in this post:

[1] Image: http://www.millersamuel.com/reports/elliman-report-miami-sales-2q-2013

[2] report on the Miami Coastal Community housing markets: http://www.elliman.com/reports-and-guides/reports/florida/2q-2013-miami-sales/14-437

[3] Douglas Elliman: http://www.elliman.com/marketreports/

[4] build your own custom data tables: http://aggregate-data.millersamuel.com/

[5] charts on the Miami: http://www.millersamuel.com/charts-category/miami

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