Miami is spiraling downward … with available inventory continuing to diminish.
Investors, international buyers, second home buyers, and people relocating to Miami for job opportunities have purchased the bulk of the excess inventory, making homes and condos considerably scarcer throughout much of South Florida.
The specific buyers who are most affected by Miami’s recent drop in inventory are the ones looking in the mid price range.
The sellers who are listing and selling now seem to be quite serious about doing so.
There are fewer ‘tire-kickers’… fewer buyers “just looking” … The buyers who are out there are well-informed and eager to pounce on the opportunities.
If you are looking to buy or ready to move, there are a number of good investment options in South Florida … suburban neighborhoods with top schools … charming beach communities … trendy hot spots such as Brickell, Wynnwood, Midtown… well-established neighborhoods with single family homes … artsy, bohemian communities …
See more on Miami’s neighborhoods and what Miami has to offer on our website and blog MiamiRealEstateCafe.com
Feel free to call any time … 305 793-1365 The Restivo Team at EWM … Vicki and Alexandra restivo.v@ewm.com We’d love to help you find your next home!
