There are currently
properties in Miami, FL that are in some stage of foreclosure (default, auction or bank owned) while the number
of homes listed for sale on RealtyTrac is 3,890.
In December, the number of properties that received a foreclosure filing in Miami, FL was
than the previous month and
than the same time last year.
Home sales for November 2013 were up 28%
compared with the previous month,
and up 8%
compared with a year ago.
The median sales price of a non-distressed home was $232,500.
The median sales price of a foreclosure home was $130,000,
or 44% lower
than non-distressed home sales.
HOME-BUYING FRENZY: STRONG DEMAND COLLIDES WITH SCARE INVENTORY- MIAMI HERALD