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NORTH MIAMI BEACH, FLORIDA MARKET STATISTICS
The supply of inventory in the real estate industry is defined by the current months’
supply of homes available for sale.
Here is a great guideline:
1-4 months’ supply creates a seller’s market where there are not enough homes to
satisfy buyer demand. Appreciation is guaranteed.
5-6 months’ supply creates a balanced market where historically home values appreciate
at a rate a little greater than inflation.
7-8 months’ supply creates a buyer’s market where the number of homes for sale exceeds
the demand. Depreciation follows.
FOR SALE VRS. SOLD
AVG. PRICE PER SQ. FT.
AVG. PRICE FOR SALE AND SOLD
AVG. DAYS ON MARKET
MONTHS OF INVENTORY
NORTH MIAMI BEACH
BAY HARBOR ISLANDS
SUNNY ISLES BEACH
NORTH BAY VILLAGE
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