Miami Condo Market

Real Estate Agent with EWM

I just wanted to get the opinion of some other local agents that are familiar with the condo market.  We all know this market has hit a speed bump, my question is how long before this "correction period" is up. Obviously nobody in here is a psychic so I am just asking for an opinion with an explanation.

Here's mine: I think it will be at least another 2 years before we see a condo market appreciation again. I am basing this solely on Market Trends, last month we had almost 23,000 condos on the market vs. 792 sales. The math equates to a 2 year supply. Not to mention some of the pre-constructions that will be hitting the market in the next 6 months. Any ideas on what may revamp the market? Tax Cuts, Casino's, Elections...

Comments (2)

Michael Hutchins - Consumer Advocate, Chicago
Michael Hutchins Ent. - Chicago, IL
Alberto I feel for you guys down there.  By the way, welcome to the Rain!  Keep blogging!
May 02, 2007 04:56 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Welcome back to ActiveRain!

     I encourage you to take another look at the website.  Surf some blogs, leave some comments.  Better yet, post a Blog.

    Best to you!

Jul 11, 2015 01:37 PM