Miami Ended 2014 With The Second Highest Level Of Housing Inventory Nationwide

There were 47,130 housing units on the market in Miami at the end of 2014, according to recently released statistics from realtor.com (via Miami Agent Magazine.)

Miami had more listings than any other city in the U.S. outside of New York. Inventory levels increased 3.8% from Dcember 2013, the most of any major city.

The magazine called the numbers an improvement compared to the ‘dire’ lack of inventory last year.

 

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XVS
6 years ago

It’s not Miami, but Miami-Fort Lauderdale-West Palm Beach metropolitan area. Almost 30 percent of Florida’s population (bigger than 30 states). Saturated by second homes, which people put on a market at first sign of distress. As well as retirees, who tend to die, leaving empty houses behind. Not an apples-to-apples comparison. Besides, being a judicial foreclose state, it naturally lags in pace of adjustment.

XVS
6 years ago

“judicial foreclosure”…this site needs an “edit” option.

Edin Coralic
6 years ago

XVS:I still dont know what are you trying to say.

xvs
6 years ago

Edin, my reply is below, after the “anonymous”

anonymous
6 years ago

Let’s see how the realtors on the site spin this as a positive.

xvs
6 years ago

When someone says Miami, that’s a city of 480k people. The realtor.com, however, provides inventory number not for Miami, but for pretty much all of South Florida, a completely different animal, with the population 12 times that. 47000 units would be an absolute disaster for Miami, but for the area with 5,7M inhabitants that’s not a lot. If you still don’t understand the difference, I am afraid can’t help you.
According to this site, the inventory in Miami is around 4000 units, well within the historical range.
http://www.altosresearch.com/research/FL/miami-real-estate-market

Edin Coralic
6 years ago

XVS,80 % of South Florida construction today IS in “Miami”,Miami is not just. downtown, Miami is Miami Beach,Ball Harbour, Sunny Isle Beach,Doral,Aventura…Miami is icon,Miami is world city,everything XVS,is MIAMI…for people in Europe Fort Lauderdale is Miami,they would never say..oh..Im going to Aventura or Halandalle Beach,even if their final destination is one of these cities, they alway say Im going to Miami.Miami is Hong Kong or Singapore of America,and believe me XVS Miami future is bright and clear to become WORLD CLASS CITY.Have a good night.

metromoverlover
6 years ago

Oh it is ? Show me the plans for a extend metrorail or metromover ? Or a rail line linking the beach ?