Brittex Blog

The following chart was taken from data supplied by Esslinger Wooten & Maxwell of Miami-Dade, Florida.  http://www.ewm.com/trendx

The table below is for Miami Beach condominiums as of November 2007.  The chart indicates there were 4,008 units for sale on the MLS (Miami-Dade Regional Multiple Listing System) with only 70 units selling per month.

That is equivalent to an absorption rate of 57.26 months or 4.77 years.  A typical supply/demand is six to eight months of inventory according to Realtors that Brittex has interviewed.