Sales were down by about 16 percent in Miami from 2014 to 2015. Inventory was also down by nearly 19 percent year-over-year.
From December 2014 to January, home sales in South Florida decreased by 30 percent.
“One month certainly doesn’t make a trend,” RE/MAX CEO and Chairman Dave Liniger said in a statement. “As we saw last year, home sales started rather slow, but rebounded during the prime selling months… We still need a few more months of data to tell how this market will perform in 2015.”
Listings spent an average of 90 days on the market in January, according to the report, a slight increase from January of last year.
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