Arch Homes

Check our blog: What is the impact of COVID on the Single Family Homes market in Miami?
https://www.themiamihomepro.com/what-was-the-impact-of-covid-19-on-the-single-family-homes-market-in-miami/

Single Family Homes and Condos/Townhouses sales in Miami - August 2020

Compare the closed sales for Single Family Homes (SFH) and Condos & Townhouses (C&T) in August. Now check the Avg Sale price. What does that tell you?
It is clear to me that SFH are being sold, quickly, for prices very close to listing price. And inventory is below 5 months.
C&T are going in a total different direction: yes, prices went up, but they are taking longer and inventory is over 12 months. Do you know why?

Always learning.