The blue line represents the properties for sale on the market and the green line shows the pending sales which means the properties under contract, soon to be closed. You will notice that the inventory has decreased drastically compared to 2009. Less inventory means that the sellers are more incline in deciding of the selling price of their condo. So hurry if you want to purchase a Miami property.
According to the National Association of Realtors, the international purchases surged $16 billion this year in the US. The United States continue to be attractive for foreign buyers who invest in real estate. The total residential international sales in the US amounted to $82 billion for 2010.
In the previous years, foreign buyers were coming to the US because of lower prices and plentiful inventory. Today, people are investing in the USA for different reasons. Read the rest of this entry »
South Florida seems to become the place to get married in the USA. Many couples are coming to Miami in order to have a wonderful wedding and honeymoon, or at least a bachelor or bachelorette party. It has been the only market which didn’t fail during the recession. As a consequence, the Romance Month is about to be launched. Aside to the August and September Miami Spice Month and the July Spa Month, we are now going to experiment the June Romance Month.
Miami Real Estate Blog 