The Miami Herald and polling firm Bendixen & Amandi International surveyed 105 top real estate professionals to better understand the city’s hot market.
Respondents spoke over the phone and were promised anonymity. When answering whether Miami is a buyer’s or seller’s market, the industry insiders were split almost evenly: 38 percent said it was a buyer’s market, 34 percent said it was a seller’s, and 25 percent said it was a good market for both.
Most respondents agreed that Miami is an important, global urban hub where prices per square foot are still undervalued. Many have also noticed a decline in overseas cash buyers, but an increase in domestic buyers for luxury condos.