Condominium inventory increase for July 2006 compared to June 2006

	Areas: 12,22,32,42
	$ Million	For Sale june 2006	%	For Sale july 2006	%
	1000000-14999000	9	0.0009	8	0.0008
	8000000-9999000	13	0.0013	13	0.0012
	6000000-7999000	18	0.0018	18	0.0017
	4000000-5999999	54	0.0054	56	0.0053
	2000000-3999000	339	0.0338	341	0.0324
	1500000-1999999	304	0.0304	306	0.0291
	1000000-1499000	579	0.0578	598	0.0568
	800000-999000	580	0.0579	599	0.0569
	500000-799000	2087	0.2084	2143	0.2036
	300000-500000	3225	0.3220	3287	0.3124
	300000	2807	0.2803	3154	0.2997
	Total	10015		10523
	Total condos Inventory	As of June 2006	As of July 2006	% increase
		10015	10523	5%

Our analysis of condomiums offered for sale in Miami, Miami Beach Aventura and Sunny Isles indicates that the trend that started since the begining of 2006 keeps going the same direction.

New listing of condominium are being added to already an inflated inventory and shows a 5% increase.

We note that categories of condominium identified by price ranges stay in the same percentage range in July compared to June 2006, the 5% increase apply to all categories pretty much with the same weight.

The number in itself does not seem high but when put in perspective if we keep the same trend this would be mean a yearly inventory increase of 70% for the coming 12 months.

-- Contributor: Eric Harari for MLR Realty, news posted August 10 th 2006: