Miami Has A 70-Month Supply Of Condos For Sale, Report Says

posted by Jessi Minneci - 

Miami's luxury condo inventory is swelling.

According to "Crane Spotters," there's a 70-month supply of condos now for sale valued at more than $1-million.

Downtown luxury condos now average $2.1-million, or $848 per square foot.

Right now, there are more than 47,000 condo units in development in the tri-county area east of I-95.

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