The availability of units for sale in Miami's real estate market continue to become scarce at a steady pace. Last month Sunny Isles had a total of 658 condos on the market. As of this month stock shows a reduction of 624. The same concept is happening in Bal Harbour condominiums. In March there was 210 available units for sale and now in April there is a reduction of 207. Sellers have begun to notice the direction the market is headed so many are deciding not to sell, but those who do decided to sell are selling because they have found something else to buy. South Beach condominiums also shows the same decrease in units. There are many new construction plans revolving around building new condominiums in the Miami area.
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