6 Miami Real Estate Graphs/Trends to Watch

We spent the week examining some of the top Miami real estate trends and the hot neighborhoods for buyers/sellers right now.  We’ve put our findings in graph form so it’s easy to skim and understand.  Check out the sections below!

Curious to learn more?  We’re happy to have a free introductory conversation with you about the Miami market:  sales@spectrumrg.com or +1 (305) 921-0972.

#1) Miami Rent Prices Have Declined

Over the past couple months, we’ve noticed a strong trend towards lower rent prices, coupled with a consistent number of rental transactions.  If you’re looking to switch condos, now might be a good time ahead of the fall season.

Graph of Miami median rent prices

 

 

 

 

 

 

 

Graph of Miami number of rentals

#2) 33147 is a Hot Seller’s Market

The graphs below show just how perfect the market is in Miami’s 33147 zip code (West Little River) for sellers…  Both prices and sales volume have been steadily increasing through Spring ’18.

Graph of 33147 median sale prices

Graph of 33147 number of sales

#3) Miami as a Whole Looks Good for Sellers

Similar to the graphs above, you’ll notice the City of Miami in general is showing upward trends for both prices and sales volume meaning now might be the best time to sell, especially if you’re the owner of a single family home.

Graph of Miami median sale prices

Graph of Miami number of sales