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August 2017 South Miami Real Estate Market Snapshot

*These numbers only cover the city of South Miami and are not reflective of Miami-Dade as a whole.

The Bottom Line:
August is the month we typically see a slight shift in the market with families getting back to their busy routines and children going back to school; hence a 40% decrease in the number of new listings hitting the South Miami market in August (15) relative to July (25) of 2017. It is the natural progression we often see heading into the fall season. That being said, the real estate market in South Miami is hotter than ever, and we can easily see that by the looking at the overall stats. Relative to last year in the same month, days on market are lower, more homes are under contract, and the median sales price of homes in South Miami are up nearly 14%!

The transition from Summer to Winter can have many different affects on the local home buying and selling process. It is a critical time to choose the right Realtor® who can safely guide you through the ups-and-downs of any real estate market. Monica Betancourt resides in South Miami and understands what makes this city such a wonderful place to live. With an incredible team behind her and the right tools and data in hand, she knows what it takes to buy or sell a home in South Miami.