Miami property absorption rates indicate the demand in contrast to supply. The absorption rate speed with a shifting market can take years for inventory to dwindle and in rare circumstances such as this real estate cycle, only months. The term absorption rate refers to a metric used in the real estate market to evaluate the […]
July – September (Q3 2020) Trends Miami Beach Homes Active Listings: 3642020 Closed Sales: 1002019 Closed Sales: 68% Change: ⬆ 32% Increase2020 (median) SP$/psf: $608 psf2019 (median) SP$/psf: $486 psf% Change: ⬆ 20% Increase Condos Active Listings: 2,9292020 Closed Sales: 3812019 Closed Sales: 438% Change: ⬇13% Decrease2020 (median) SP$/psf: $369 psf2019 (median) SP$/psf: $379 psf% […]
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