Miami is one of the most attractive real estate locations in the country. The variation of properties and listings is almost unmatched and the local economy is continuing to boom. 2021 has seen a huge recovery rate of sales and it shows no signs of stopping. Those who consider buying a property or some form of real estate in Miami should take note that there are specific times to take advantage of depending on what they are looking for and where.
Winter is generally one of the best times to rent or buy a property when it comes to pricing. Demand can skyrocket during the summer months as tourists from around the globe pour in to enjoy the heat. If supply isn’t an issue, January is a great time to look for a property as median sale prices for Florida are at their lowest.
June is one of the busiest times of year when it comes to real estate. Just this year, June became Miami’s best sales month in its history! June brings about a lot of demand and plenty of supply for properties available for rent and purchase. More options may also be available during the summer as sales are at their strongest.
If the high sales months during the summer were missed and if the low costs of January seem too far away, the next best option is September. Prices in Florida start to drop after June and don’t stop until September comes around. This month is a trade off, however, as prices tend to get lower but at the same time, supply tends to go down.
Ugo Columbo is one of the top luxury real estate developers in Miami and South Florida. Visit us online or contact us at 305-372-0550 today!