Sellers Outnumber Buyers by 63%. Miami’s Sellers Face an Even Tougher Reality.

Sellers can keep asking for yesterday’s price. Buyers increasingly have somewhere else to go. Redfin’s October 14 report estimates that sellers outnumbered buyers nationally by 62.6% in September, the widest gap in records beginning in 2013. Buyer numbers reached a series low, and 41 of the 50 largest metropolitan markets qualified as buyer’s markets. Miami led with 158.9% more sellers than buyers, followed by Nashville at 152.3% and Houston at 134.6%. Miami’s figure means approximately 259 sellers for every 100…

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