52 months of million-dollar condos inventory crowds market

Written by Catherine Lackner on April 23, 2019

Whether Miami’s high-end condominium market is in the doldrums depends upon who you ask. While nearly everyone knows the inventory of properties priced at above $1 million is high, some see the market slowdown as a return to normalcy.

“The good news is that we’re seeing some movement this spring,” said Ron Shuffield, president and CEO of EWM Realty International. That’s normal, as most sellers shy away from listing their properties around the December holidays, he explained.

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