In the September 2024 Miami Real Estate Market Update, Berenice highlights a 23% decline in sales compared to last year. Inventory has surged by 36%, surpassing 15,000 units, with a significant increase in condo inventories. Single-family home sales have also decreased but indicate a balanced market with a 5.6-month inventory. The market faces pressure from rising HOA fees and assessments due to increased insurance costs and stricter regulations after the Surfside collapse. Despite the slow market, demand for land remains strong, with buyers paying premiums for prime lots. Stay informed as interest rates begin to shift, affecting opportunities in Miami real estate. #MiamiRealEstate #RealEstateMarket #MiamiHousing #PropertyTrends #RealEstateUpdate #HousingMarket #CondoMarket #HomeSales #RealEstateInvesting #MarketAnalysis

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