Miami property absorption rates indicate the demand in contrast to supply. The absorption rate speed with a shifting market can take years for inventory to dwindle and in rare circumstances such as this real estate cycle, only months.
The term absorption rate refers to a metric used in the real estate market to evaluate the rate at which available homes are sold in a specific market during a given time period. It is calculated by dividing the number of homes sold in the allotted time period by the total number of available homes.
– Google Definition.
Residential property inventory plays a big part in determining the health of the market whether in favor of buyers or sellers. With the simple rule of supply and demand, excessive inventory concerns are blinding to some (including myself) as many have fear and hesitancy choosing to wait to buy until the market bottom is noted. Here in 2021, buyers are now questioning their delays while sellers rejoice.
Similar to 2010 to 2013, the extremely high Miami residential condo inventory can shift dramatically and in the case of the 2020 pandemic concerns and the fury that followed, inventory has and is being absorbed at incredible speed. In the case of the turn of the year, it has now dropped to less than a 3-months supply for Miami coastal homes and less than 6.5-months for Miami coastal condos.
Let’s talk #888.38.DREAM or contact me for a curated property list of new residential opportunities matching your wants & needs here in South Florida.
Let’s Connect On…
Stop Searching. Start Living.
Whether you’re seeking an amazing trophy home, a remodeled condo, a Miami penthouse for sale, off-market & investment opportunities, or simply relocation assistance for your family or team, I’ll have it customized and ready for you – contact me here, and let’s discuss your ideas and vision for South Florida residential real estate.
Be sure to join the VIP group for monthly market insights, South Florida news, and exclusive coastal properties; covering South Beach, Miami Beach, Sunny Isles Beach, Aventura, Bal Harbour, Bay Harbor Islands, Surfside, Miami Shores, Hollywood, Brickell, Downtown, Wynwood-Edgewater-Midtown, Key Biscayne, Bay Harbour Islands, Coconut Grove, Coral Gables, and coastal Fort Lauderdale (East of US1).
You have ONE life to live. You should expect the most from it. As you create your life’s legacy—through friendships, family, and professional accomplishments—you need partners on the journey who take the time to know and understand you and your goals. Professionals who seek to find the perfect place where your dreams can live and take shape in all that surrounds you, inspires you and reflects your values. At ONE Sotheby’s International Realty, that is what inspires our mission: to give extraordinary lives a home to thrive. – OnlywithONE
Your Vision is Our Inspiration.
I’m connected with the world’s best luxury real estate brand and a vast global network of friends & colleagues who offer a bespoke experience wherever you are in the world. Locally, I offer the very best in real estate knowledge and client services as a master broker-associate with the leading firm, ONE Sotheby’s International Realty. Why Sotheby’s? Because of the brand heritage, prestige, their propensity for perfection, and quite simply, the immense global reach in curating luxury goods and real estate. Since 2002, I’ve been successful in the South Florida residential market with knowledge, experience, and white-glove service that consistently exceeds expectations.
Technology & Resources.
The Miami Beach Real Estate Blog is an excellent resource for Southeast Florida residential real estate data, trends, and property information. South Florida’s population influx is an important factor in assisting our growth and resilience so check back often to uncover more about South Florida real estate opportunities and trends.
- ONE Sotheby’s & Ashton Coleman, P.A.
- Jade Beach, Jade Ocean & Jade Signature
- What’s My Home Worth Today?
- Marketing Your Property by Ashton Coleman
- Sotheby’s Marketing Presentation
- ONE Sotheby’s International Realty | Marketing Affiliates
- Client Reviews
- Sotheby’s International Realty History/Overview
- Sotheby’s – An Overview and the Auction House
- ONE Sotheby’s International Realty History/Overview
An ALEXA Flash Briefing is now on Miami’s Residential Real Estate – if you’d like to hear reports from Amazon Alexa, simply enable and I’ll deliver the relevant news simply by asking for the latest news or flash briefing!
Who You Are
You are a client – not a customer:
- Clients are under the protection of another.
- Customers purchase a commodity or service.
Knowledge is protection. As a client, you can expect confidentiality but also risk assessment with fully accurate information that you will understand, implement, and use to build your net worth.