These are the current numbers for the Town of Miami Lakes:
Single-family homes
Total Homes for sale: 182
Homes sold in the last 6 months: 40
Pending sales (under contract): 22
Condos - (includes Town-homes and Villas)
Total Homes for sale: 200
Homes sold in the last 6 months: 26
Pending sales (under contract): 15
The number of homes for sale continues to be very high in relation to the ones that are selling. This is particularly true for condos, which are selling at a slower pace than single-family homes.
There are many different ways to measure the real estate market, and even more ways to interpret them. I just entered another post with some statistical data of the last two days for our area. Those numbers offer another interesting view of what is happening in this market.
