We just published our report on the Miami Coastal Community housing markets. This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.

Key Points

– Inventory fell to 8-year low.
– Jump in both number of sales and signed contracts.
– Housing prices rose above year ago level.
– Median sales price rose to highest level for second quarter in 8 years.
– Credit remains tight keeping inventory low.
– Heavy contract momentum carrying into next quarter.

Here’s an excerpt from the report:

The overall number of sales rose by 15.4% to 6,416 to the highest total since we began tracking this metric in 2006. The market share for non-distressed sales comprised 67.2% of all market sales, up from 46.6% in the same quarter three years ago…There were 9,490 listings at the end of the second quarter, 18.8% less than in the prior year quarter. Distressed inventory fell by 44.1% and non-distressed inventory was down by 12% over the same period…

You can build your own custom data tables for Miami as well as view charts on the Miami market, all updated with 2Q13 data.

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The Elliman Report: 2Q 2013 Miami Sales [Miller Samuel] The Elliman Report: 2Q 2013 Miami Sales [Douglas Elliman] Aggregated Custom Market Data Tables [Miller Samuel] Miami Market Charts [Miller Samuel]