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The State of Miami’s Housing Market in November

by Peter Thomas Ricci

When looking at two of the more important measures of a housing market’s general health, how did Miami fair in November?

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Here at Miami Agent, we follow quite a few indices and analysis, and one of our undeniable favorites is the monthly “State of the Market” report from Movoto, which offers not only up-to-date readings of housing inventory (a stat that never fails to render us giddy), but also complementary data on price per square foot in the nation’s largest housing markets.

So what did the State of the Market report tell us about the state of Miami’s housing market? Well, simply that Miami still has one of the most active markets in the nation. In terms of price per square foot, Miami’s increases are the second highest in the nation, and the Magic City’s housing inventory continues to post double-digit increases.

For further perspective, check out our graph below:

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