The Miami real estate market is made up of many different sub markets that respond to their own individual characteristics. Of course the whole Miami real estate market may have a trend, but the related submarkets might respond differently to market conditions.
The Miami real estate market is first a segmented into different areas. Some areas such as the downtown area, Brickell area or Edgewater area are considered more risky due to a future oversupply of Miami condos.
Other more mature or more desirable areas will offer less risk such as, South Beach condos or Miami Beach condos. Searching Miami condos or its condos in its submarkets is made easier with the Multiple listing service.
