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The Miami housing market posted a strong finish for 2012 with the highest total of fourth quarter sales in more than six years. Listing inventory continued to fall and the market share of distressed sales fell to a three year low. International buyers are driving a large share of demand, seeing Miami as a "global safe haven" for investing in real estate, yet overall housing prices are currently rising at the same rate as the luxury market. As a result we anticipate more improvement in the housing market over the coming quarters.
Produced in conjunction with Miller Samuel, a leading independent appraisal firm, our market report series is the benchmark for residential real estate market information and an essential reference source for consumers, the media, financial institutions, government agencies, researchers and other market professionals. Each report provides an analysis of price and sales trends as well as many other metrics to give readers an idea of current conditions as well as historical and emerging market trends.
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