RECOVERY IN FULL SWING

In Miami-Dade County this year, sales units on residential properties are up 62% for the first 8 months of the year as compared with the same time last year. The number of active listings on the market has declined by 34.1% as compared with the same time last year. The months of active inventory based on closed sales has declined from 30.4 months in January to 18.6 months at the end of August. The average sales price has stabilized this year with the average sales price in January being recorded at $264,000 and the ASP at the end of August coming in at $265,000. All signs are indicating a stabilizing market with respect to pricing and a market with significant growth with respect to sales units. FOR SELLERS, PRICE RIGHT AND SELL NOW. FOR BUYERS, IT'S TIME TO MAKE THE MOVE.