To provide hyper local market data, I am presenting this market report for the Village of Palmetto Bay, zip code 33158 specifically.
The trend here looks a lot better than the county's for the same period.
Yes, the For Sale far outnumber the Sold, but that all important Months Of Inventory number is a lot healthier here than in the county numbers.
And in stark comparison to the county numbers, look at the Months Of Inventory in Palmetto Bay zip code 33158:
The Months Of Inventory for November is 20.7, or almost a third of the county's 57.3 for the same period. This represents a much more balanced market in Palmetto Bay than the county as a whole. And while 20 months' worth of inventory is far from the desired 6-10 months of a balanced market, it is decidedly better than 57.3, or the 148 months in Homestead's 33032!
If you're looking for real estate statistics for other areas, even certain subdivisions, I have the capacity to provide them, and even better, to interpret them. Feel free to get in touch with me for additional market analyses.
© December 2007 Maggie Dokic, Broker-Associate
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