Sept 9, 2008
Miami, Florida
“It was the best of times…it was the worst of times” …the famous opening line from Charles Dickens historical classic set in Paris during the French Revolution. The same can be said of the condo market in Miami today. We really have two distinct markets, with two different sets of sales patterns following completely different trends based on whether the condominium has a waterfront location or not!
When people visit www.MiamiCondoLifestyle.com and contact me about buying in the Miami & Miami Beach market, their biggest concern has been “when will the market bottom and turn back up.” Timing any market is difficult at best and more than likely impossible. There are possible indicators, though, such as increasing sales, lowering inventories and strengthening prices which could tell the tale.
To see the charts and further analysis visit Miami Condo Sales Market Trends
