If you're watching the Miami real estate market, you’ve probably noticed things feel a little... mixed. Some homes are flying off the market in days, while others sit for weeks—even months. So what’s really going on?

Let’s break it down.

🏠 Inventory Is Still Tight — But Shifting

Inventory in Miami has been historically low for the past couple of years, especially in neighborhoods like Coconut Grove, Coral Gables, and Brickell. However, we’re beginning to see a slight increase in listings, especially in the luxury segment. This gives buyers a bit more breathing room to explore options—and negotiate.

📉 Price Reductions Are On the Rise

While prices remain strong overall, sellers who overshot on their pricing are now adjusting. We’re seeing more price reductions, especially for homes that aren’t turnkey or that need updates. It’s not a crash—it’s a recalibration.

📈 Pending Sales Are Holding Steady

Despite the headlines, there’s still solid movement in the market. In some areas, like the Gables, over 80 single-family homes are currently pending. That’s a strong signal that demand hasn’t disappeared—it’s just more selective and value-driven.

⚠️ Assessments & Insurance: The New Normal?

If you're shopping condos, you’ve likely heard about rising insurance costs and building assessments—especially in older or waterfront properties. It’s becoming a standard part of the due diligence process, and buyers are factoring these costs into their offers.

💬 Final Take:

The Miami market isn’t cooling—it’s evolving. Whether you're buying or selling, having the right strategy (and the right agent) makes all the difference.

Let’s connect if you're thinking about buying or selling in Miami—I’ve got insights, off-market opportunities, and real-time data to help you navigate it all.

📧 maya@mayavander.com
📱 310.902.3682

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