IS A MIAMI RENTAL MARKET CRASH UNAVOIDABLE?
We are seeing serious problem signs for the Miami rental market this past month. I'm talking price drops for 4 out of 5 bedroom count categories. I wouldn't say it's necessarily an all-hands-on-deck emergency, YET! However, this could spell trouble for landlords who bought properties high expecting ever-increasing rents. On the other hand, this is a glorious moment for renters unlike we've seen in quite some time. I'm breaking it all down in this video, right here, right now.
For expert assistance with anything to do with Miami real estate - from renting, buying, investing, and selling - all of my contact info is below so you can contact me directly. Not to a secretary or a call center - that is my personal contact info right there, so use it, and let's make some moves! Thanks for watching!
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💡 Book a free consultation - https://bit.ly/3MjslfX
📲 Call/Text Direct at (305) 812-9181
📧 [email protected]
📷 DM: @jake.miami
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💎 Jake Fletcher is the founder of The Fletcher Group in Miami, FL
💎 He is a licensed Realtor® at eXp Realty
🏆 Voted Top 3 Rookies of the Year in all of Miami by Miami Agent Magazine in 2019
🏆 Featured in Fortune.com Crypto & Miami Real Estate article - https://bit.ly/3Mnfvyb
🏆 100% 5-star Reviews on Google Business: Fletcher Group - eXp Realty
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💡 Book a free consultation - https://bit.ly/3MjslfX
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👨🏻💻 Jake Fletcher - Your Friend in Real Estate
🏡 Listing Specialist - Fletcher Group
🏝 eXp Realty - Miami, FL
📲 Call/Text Direct at (305) 812-9181
📧 [email protected]
💻 fletchergroupre.com
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💭 "A great Realtor is a friend you can trust who will also help you achieve your next real estate goal with the best possible results." 💾
*All data comes from CoreLogic and the MIAMI MLS
0:00 - Intro
0:45 - Inventory
2:30 - Avg. Days on Market vs Close to Orig. Price Ratio
4:45 - Median Sale Price vs Rental Transactions
7:51 - Median Sale Price vs Rental Transactions (Studios)
9:15 - Median Sale Price vs Rental Transactions (1 Bedroom)
10:34 - Median Sale Price vs Rental Transactions (2 Bedrooms)
13:11 - Median Sale Price vs Rental Transactions (3 Bedrooms)
14:43 - Median Sale Price vs Rental Transactions (4 Bedrooms)
16:24 - Months of Inventory vs Expireds
18:46 - Conclusions
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