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Elliman Report: Miami Beach + Barrier Islands Sales 1Q 2017

After a year of what could be described as a “reset,” the first quarter of 2017 Miami Beach housing market showed more stability. The market remained weaker at the top and while sales and inventory showed mixed results, conditions were generally stronger across the overall market. The number of condo sales and listing inventory moved higher. In contrast single-family sales and listing inventory slipped. Combined, the number of sales for Miami Beach edged 0.6% higher to 815 sales and listing inventory rose 6.4% to 6,166 respectively over the same period. The pace of the market was essentially unchanged…

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