The present housing market in Miramar is down with high active listings and low sales volume. The median home price has fallen to $234,000, a significant 29.1% decrease year-over-year. With 104 active listings, inventory is 93% higher than seasonal norms. Homes are now taking an average of 116 days to sell, significantly longer than the 47 days typical for this market. A significant 26.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Miramar market with the affordability index at 27.0. Based on current market indicators, home prices in Miramar are projected to increase by approximately 130.0% over the next month.
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