Miami housing market ‘remains soft at the top’

Posted on 20 Oct 2016 in Miami What's New | 0 comments

The Miami housing market, both on the coastal mainland and on Miami Beach continues to slow down, notes Miller Samuel President Jonathan Miller in the latest quarterly Elliman Report, but remains healthy in the middle and entry markets.

On Miami Beach, the luxury condo market showed price declines while inventory continued to rise and days on the market more than doubled, from 53 to 120.

For the Miami coastal mainland, median sales price increased nearly 10 percent to $285,000, as sales fell 15 percent and days on the market nearly doubled, from 56 to 103.


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