Is Miami a buyer's market right now?

{ "answer": "Miami is not currently a buyer's market. The number of homes for sale has gone down significantly, and homes are selling slightly faster than they were a year ago. "\n\n"This means there are fewer choices for people looking to buy, which usually favors sellers. Active listings, or the total number of homes for sale, are down by 12.3% compared to this time last year, totaling 41,277 homes.\n\n"New listings have gone up by 4.6% over the past year, with 10,234 new homes put on the market. However, this increase isn't enough to keep up with demand, as homes are also spending less time on the market.\n\n"Homes are selling a little quicker, with the typical home staying on the market for 85 days. This is 4.5% less time than it took homes to sell last year, indicating a bit more urgency from buyers.\n\n"If you are looking to buy a home in Miami right now, be prepared for fewer options and potentially quicker decisions due to less inventory and homes selling faster." }