Market Snapshot: Miami January 2019

Strong condo sales and reduced inventory led to a 3% increase in average sales price at $887,000. A 9% drop in available unit inventory may be the biggest factor last month. Miami condo sale and rent prices saw modest increases.

Last month’s most active building was Winston Towers 200. The Sunny Isles building had 6 closed sales totaling $1.51 million.

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