These are the current numbers for the Town of Miami Lakes:

Single-family homes

Total Homes for sale:  182

Homes sold in the last 6 months: 40

Pending sales (under contract): 22

Condos  - (includes Town-homes and Villas)

Total Homes for sale: 200

Homes sold in the last 6 months: 26

Pending sales (under contract): 15

The number of homes for sale continues to be very high in relation to the ones that are selling. This is particularly true for condos, which are selling at a slower pace than single-family homes.

There are many different ways to measure the real estate market, and even more ways to interpret them. I just entered another post with some statistical data of the last two days for our area. Those numbers offer another interesting view of what is happening in this market.