It is true that Miami real estate market is experiencing unusually high levels of inventory, but the numbers in most areas are very manageable. With the exception of Miami, all of the other cities have very reasonable levels that can, for the most part, be absorbed at a decent pace. The downtown Miami / Brickell market is already saturated, and several thousand new condos are slated to close in the next two years. Once the downtown Miami area has its real estate correction and all of the condos and new infrastructure are finished, you will see one of the nicest downtowns in the entire country. This high inventory is just part of the growing pain.

Number of Active Listings as of 10-12-2007

Aventura – 2,462
Bal Harbour – 317
Bay Harbour Island – 173
Coconut Grove – 368
Coral Gables – 385
Miami – 9,768
Miami Beach – 4,178
North Bay Village – 478
North Miami – 554
North Miami Beach – 705
South Miami – 47
Surfside – 229

* Statistics courtesy of the South East Florida MLS

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