I look at supply first when timing matters.
When supply is this high in Miami Beach, FL, the real question is not just what a home is worth. It is whether the current pace gives you enough room to make a careful decision. Last month, supply stood at 12.23 months, which is a meaningful number for anyone trying to plan a move.
Last month, supply stood at 12.23 months. For me, that is a clear signal to slow down, compare options carefully, and make sure the next step matches the market instead of fighting it.
For sellers, that level of supply means presentation and pricing discipline matter more than wishful thinking. In Miami Beach, FL, I would treat the first response cycle as important because it often tells you whether the price is landing where it should.
Watch the first buyer response closely.
Keep pricing aligned with supply.
Be ready to adjust sooner, not later.
