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Miami home sales have increased since last year. Property values have gone down, yes, but the number of sales are up. This, in my opinion, is due to the fact that the prices are too good to pass up and home buyers are realizing that. Add to that the fact that mortgage rates are at an all time low...
Are you looking for a home in Palmetto Bay? Here's a snapshot of what the market is doing lately. The Absorption Rate is something we real estate agents use to determine how active the market is. We look at the homes sold in the last 12 months and figure out the average per month. Then we look...