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Zillow Real Estate Market Reports finds inventory falling in Miami

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According to the January Zillow Real Estate Market Reports, low inventory is still plaguing the housing market and causing home prices to continue to rise.

“Hopeful buyers in a strong sellers’ market should be prepared to move quickly, since homes don’t stay on the market as long. In a buyers’ market, they can afford to take their time and be more selective,” said Zillow Chief Economist Dr. Svenja Gudell.

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“However, low inventory is a factor affecting the majority of the country, so buyers should be prepared for a limited selection as we enter the home buying season.”

January Zillow Real Estate Market Reports top buyer and seller markets

In Miami, the Zillow Home Value Index in January had a few major points: