Miami Real Estate Sales Statistics - Sept 2010
Despite economic uncertainty, 68 percent of those surveyed in the 2010 National Housing Pulse Survey, conducted by the National Association of Realtors, still believe now is a good time to buy a home; while that number is down from last year (75 percent), it’s up from 2008 (66 percent) and 2007 (59 percent). Lower home prices and record-low mortgage interest rates are attracting buyers to the housing market – more than one-fourth of renters said they are thinking more about buying a home than they were a year ago. Sixty-three percent of renter respondents said that owning a home is a priority in their future, and nearly 40 percent said it was one of their highest priorities. Americans are seeing more stability in the real estate market. Nearly seven out of 10 believe that home values have stabilized in their area; the same number expects home sales to remain about the same through the end of the year. While nearly seven out of 10 say it’s harder to sell a home in their area today than it was a year ago, it’s less of a concern from last year when the number was 10 percentage points higher. This is most likely the result of lower home inventories.
Let’s take a look at the Miami real estate market for September.
Single Family Homes Sales in Miami
The Miami market is representative of the South Florida market as a whole when comparing Sept 2010 to Sept 2009.
The number of single family homes sold in 2010 decreased by 6 percent compared to 2009. The median sales price decreased by 2 percent to $188,000.
|
Date |
Sold |
% |
Median |
% |
|
Sept 2010 |
582 |
-6% |
$188,000 |
-2% |
|
Sept 2009 |
619 |
$190,900 |
Condo/Coop/Townhouse/Villa Sales in Miami
Sept 2010 market statistics for condo/townhouses etc. in Miami showed an increase in sales with sold listings up by 36 percent compared to 2009. The median sales price decreased by 25 percent to $99,400.
|
Date |
Sold |
% Change |
Median |
% |
|
Sept 2010 |
833 |
+36% |
$99,400 |
-25% |
|
Sept 2009 |
611 |
$132,900 |
|
If you want to learn more about South Florida real estate, please contact us at 888-SFL-TEAM or visit HomeInSouthFlorida.com.
To begin searching for South Florida homes, please use our complimentary MLS search.
Statistics provided by the Realtor Association of Miami-Dade County and are deemed reliable, but not guaranteed.
