Skip to main content

Demand for South Florida property shrinks inventory and drives up prices

Star IslandFrom rich to low-income,waterfront properties are bringing up sales prices in South Florida as inventory declines.

Having distressed propertiesin particular, the rise in Miami-area sales prices accords with a severe decline in inventory, which dropped 24.7% since the same period a year ago. South Florida’s 37.8% share of the U.S. distressed property market is at its lowest in three years.

Leave a Reply

Your email address will not be published.