This is just a quick post to share some Miami condominium sales data comparing volume and sales price between 2006 and 2007 (for the second quarter of each year). Of course, these numbers do not include days on market or how much inventory is on the Miami condo market as a whole (especially with all of the new construction inventory).
Miami Condo Sales Data - Volume
Existing condominium sales by Real Estate Agents
- Second Quarter of 2006: 3,190
- Second Quarter of 2007: 1,830
- Change: 43% decrease
Miami Condo Sales Report - Sales Price
Existing condominium sales by Real Estate Agents
- Second Quarter of 2006: $377,500
- Second Quarter of 2007: $385,000
- Percentage Change: 2% Increase
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