Downtown Miami is getting crowded as time goes by. A survey done in 2003 reveals that 74% of Downtown Miami Condos were occupied. While referring through the housing market history, Downtown Miami is very much popular as an urban living place rather than being known for business.

News updates regarding the marquis residential areas claim that there is continuous increase in the rate of occupying housing units. By May 2009 the survey done by housing associations report a further increase of 12%. The major reason behind the rate of increase in residential occupants is the tremendous raise in condo unit sales and rental activities.

The last year survey says that there were about 345 condo sales which increased to 350 by the fourth quarter. This change in rate of condo sales has decreased the available condo units remaining for rental by around 1000 numbers every year.

As a conclusion, the housing market report ends with the statement that, about 62% home units are sold in which 87% of condo units are occupied. Miami housing market is steady or increasing every year due to high demand in readymade residents. Rather than it helps people to get the best resident at affordable price, it plays a vital role in managing the financial status of the city and hence result in a kind of economic recovery.