According to the Miami Herald and local real estate agents, the South Florida housing market is back in the 2003 - 2006 mode with a low housing inventory, multiple buyers for nice properties, bidding wars and sales prices coming in well over the asking prices. According to the Herald, “The inventory of single-family homes on the Multiple Listings Service in Miami-Dade plummeted to 4,836 in April, down 72 percent from 17,070 in July 2008, when the selection peaked. In April, Broward's (Fort Lauderdale) single-family inventory similarly had dwindled 69 percent to 4,438 homes listed from 14,489 in April 2008.”
View Original Story @ www.miamiherald.com
