Miami Ranks High for New Foreclosure Listings and Market Supply Growth
By Elias DaSilva | September 11, 2024.
Miami ranks fourth among the top 50 U.S. metros for new foreclosure listings and third for an increase in months’ supply, according to the April National Housing Report by RE/MAX. Miami experienced a 31.2% year-over-year rise in new inventory, growing from 9,555 to 12,540 homes. This increase contributed to a 54% rise in months’ supply, from 2.5 to 4.1 months. Other top cities for new listings include Bozeman, Omaha, and Phoenix, while Tampa and Orlando led in months’ supply growth.
Foreclosure Listings in Miami: 645 foreclosures.
About Author
Elias DaSilva: Expert in Real Estate & Digital Innovation
Since 1996, specializes in pre-foreclosure and foreclosure real estate investments. In 1999, he ventured into the digital world, launching successful online portals focused on foreclosure properties. His platforms merge technological savvy with market insights, making him a leader in real estate and internet entrepreneurship.
