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You are here: Home / Neighborhoods / Central Business District / Market Insider Report – 33132 – June 2019

Market Insider Report – 33132 – June 2019

June 17, 2019 by MelanieDawn Leave a Comment

The Downtown Miami zip code area 33132 currently has 1059 active listings with 126 median days on the market. The median listing price is $474,370. After a precipitous drop in November 2018, median sold prices continue their steady climb; however, rising inventory levels could be signalling another price adjustment for this area.

Housing Market Trends – Sold vs Listed

Understand the difference between “listing prices” (what sellers are asking for) and “sold prices” (what buyers are willing to pay). By comparing these price trends, you’ll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Housing Inventory Trends

The number of active listings in MIAMI (33132) increased by 118.1% from the previous month. The median number of days active properties have been listed is 126. This is much longer than the national average. The number of sales in April dropped by 41.7% from the previous month.

Property Ownership

MIAMI (33132) has a high % of unoccupied properties. It is 14.9% more than the national average. This can drive sales prices down. The percent of owner occupied properties in MIAMI (33132) is 40.39% below the national average. The percent of rental properties in MIAMI (33132) is 28.29% above the national average which is typical for urban areas.

Click Here For the Full Market Insider Report for 33132

Downtown Miami’s zip code area 33132 includes the north part of the Historic District, the Performing Arts District and Edgewater east of Midtown. It covers 1.69 square miles with approximately 11,000 full-time residents (as of the 2010 census).

Miami listings last updated Jun 8, 2019 7:27 a.m. Some sales are not immediately available from public records. As they become available, the data are updated.Neighborhood and sold information provided by Onboard Informatics © 2019 Onboard informatics. Information deemed reliable but not guaranteed.

Filed Under: Central Business District, Edgewater, Market Trends, Omni/Park West Tagged With: realestate

Melanie Dawn Molina Wood is a licensed real estate agent and real estate educator living and working in the Downtown Miami – Brickell area. She is a Certified International Property Specialist and an accredited LEED Green Associate. For more information about real estate in the Miami area, or to connect with a real estate agent anywhere in the world, contact Melanie Dawn by text/phone at 305-801-3133, or by email at MelanieinMiami@gmail.com

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