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Saturday, August 21, 2010

Luxury Home Inventory in Miami Dade = 2.4 yrs ($1.0M-2.5M) and 3.1yrs ($2.5M-5.0M). Time to buy is NOW.
A healthy real estate market is said to carry about 6 months of homes in inventory. This is called the absorption rate.
Of the 10 most expensive homes currently on the market for sale in the US, 5 are listed by Coldwell Banker Previews. www.HenryPedroso.com