05.20.2012 Market Weekly Review
Market Weekly Review
The inventory in MIAMI Real Estate continues to decline with a modest pace.
Thus, inventories for Sunny Isles Real Estate decline in May to 582 from the 624 condos for sale in April. In Bal Harbour, inventories almost have not changed, although they have went up to 214 units from the 207 condos for sale in April. We can see also almost no changes in inventories in South Beach Real Estate for sale.
What we can see is that the Real Estate in MIAMI is becoming “moody” with a high correlation to stock market and moves up and down together with the stock market.
THE STOCK MARKET IS NOW HIGHLY INFLUENCIAL TO REAL ESTATE, WHICH WAS NOT THE CASE 4-5 YEARS AGO.
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