Every Quarter Douglas Elliman publishes the results of final sales, sales averages, and overall market trends for its respective markets. See below for Miami and Miami Beach trends.
Click Here for South Florida's 3rd Quarter Market Reports, Downloadable PDFs
Housing prices in the Miami Beach/Barrier Islands moved higher, pulling additional inventory into the market. Although the market hasn’t kept up with last year’s blistering sales pace, the time to market a property fell. Luxury housing prices gains continued to outperform the overall market.
MIAMI COASTAL MAINLAND
Miami Coastal Mainland housing prices increased above last year’s levels. The luxury housing market showed strong results as the size of the distressed housing market continued to fall. Inventory increased as more sellers were drawn into the market by rising prices and the number of sales increased.