The Weekly Dirt: Signs of a buyer’s market in Miami

Sellers are cutting their prices, inventory’s sitting on the market a bit longer, and condo buyers especially have more selection to choose from.  Home and condo sales have also been declining for months, and price growth is slower than before.  These are some of the signs that point to a buyer’s market in parts of South Florida. I’m not talking about the turnkey, ultra-high-end part of the market, though those properties aren’t flying off the shelves either.  Everywhere I look, I see price cuts — $70,000 here, $10,000 there. Or, for the more expensive homes, listings are reduced by $5 […]This article originally appeared on The Real Deal. Click here to read the full story.