The Real Deal Miami

Miami the country’s top real estate “turnaround town”: report

November 16, 2011 09:45AM

Miami was the top “turnaround town” in the country in the third quarter,
according to a report from The rankings look at median
price appreciation, reductions in age of inventory and inventory counts,
along with unemployment rates. Miami has one foreclosure for every 407
homes, an improvement over the national rate of one out of every 213.
Condo sales have also increased 79 percent in the first five months of
the year. Six Florida markets were included on the list, with Fort
Lauderdale ranked fourth. [Sun