Miami is currently the strongest "buyer's market" in the country, according to a recent market trend report on OpenHouse, and eight of the top 10 cities ranked were located in Florida.
Miami, Miami Beach, and Weston topped the list. For the central Miami area, inventory is swelling and median days on the market increases. A majority of homes took over three months to sell.
Attention real estate buyers and sellers: this week's data is in for markets across the United States, and Florida continues its reign as the place to be for home buyers. According to OpenHouse latest report, The Miami real estate market leads the way overall with an amazing 85% of homes sold under asking.
The trend continues across the southern part of the state, with Miami Beach, Weston, and Sarasota close behind. Only two markets outside of Florida made this week's list, with Detroit coming in at number five.
(Source: Miami Curbed, OpenHouse)