If you’re thinking of selling and curious about the value of your home in today’s evolving real estate market, contact Rebeca Castellon Group today. We would be happy to provide you with a no pressure home valuation and help you reach your real estate goals!
The Miami real estate market is HOT!
Single-Family Homes June 2021
The average price sold for single-family homes was up significantly year-over-year to $936K. Months of inventory significantly declined to 1.8 months.
June 2021 vs Year-Over Year
Avg Sold Price: $936K up +57%
# Sold: 1,465 up +27%
Months of Inventory: 1.8 down -58%
Condos & Townhomes June 2021
The condo & townhouse market is also strong. Due to the high prices of single-family homes, more buyers are opting to buy condos & townhomes. Average Price Sold is up in June 2021 vs year-over-year. Months of inventory was at an all time low.
June 2021 vs Year-Over Year
Avg Sold Price: $626K up +55%
# Sold: 2,421 up +178%
Months of Inventory: 3.4 down -80%
The market is strong. However, there are signs that prices have begun to stabilize.
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