Tag Archives | Equilibrium

Miami Condo Sales Explode in 1st Qtr 2011

Miami Condos Sales Explode in 2011

Closed and pending sales data for condominiums in the first quarter of 2011 Miami-Dade County show a forty-four (44%) increase over the same period in 2010. All this without last years “First Time Buyers Credit!”

These increased sales have reduced the available inventory significantly, with available units dropping to just a twelve month supply. This is good news for both sellers and buyers. It indicates that there are a … Read More

Coral Gables Single Family Homes For Sale

Coral Gables, Florida
December 9, 2009

Coral Gables home sales statistics show that the available inventory has dropped from an eighteen (18) month supply fifteen months ago to just over a twelve (12) month supply now. This as we enter our Winter selling season. Typically an absoption rate of over twelve months is a buyers market with six to twelve months being an equilibrium market with an balanced supply of buyers and sellers. This is … Read More