The following graph shows a 5 year history of real estate market in Miami-Dade County. It appears the seller's market has peaked; inventory levels are decreasing and sales are increasing. The graph represents all residential property types.

Note the change from a seller's market to a buyer's market in April of 2005. Buyer's market conditions peaked during July and August of 2008 with inventory levels decreasing since since then. Inventory levels remain high with signs of improving market conditions for those selling. Market conditions for buyers are good with lots of homes for sale, low prices, and really low interest rates. However, buyer competition is already increasing for the better deals. Multiple offer scenarios on homes is occuring in many cases. Waiting further to purchase property may not present a better opportunity than what's available right now. 

  
Facts & Trends®                          Miami Dade Single Family Homes 5 Year History:

	1 month			1 year			5 years
	Aug 09	Sep 09	% Change	Sep 08	Sep 09	% Change	Sep 04	Sep 09	% Change
For Sale	9352	9046	-3.3%	16802	9046	-46.2%	3783	9046	139.1%
Sold	790	765	-3.2%	572	765	33.7%	879	765	-13%
Pended	1287	1336	3.8%	745	1336	79.3%	965	1336	38.4%