Douglas Elliman’s Q4 report marks a winter season rebound and sets the pace for a strong 2015.

Today, Douglas Elliman released its fourth quarter market overview, dissecting a number of South Florida’s premiere real estate markets, including Miami’s mainland, Ft. Lauderdale and Boca Raton.

Miami

In Miami’s mainland, which encompasses Aventura, downtown, Brickell, Coconut Grove, Coral Gables, South Miami, Pinecrest and Palmetto Bay, Douglas Elliman researchers found that the final months of 2014 were particularly fruitful, as both sales and sales prices benefited from healthy increases. The area’s median sales price rose 9.1 percent from the same time last year, while the number of sales similarly increased 15.9 percent and days on market dropped from 65 to 59, reflecting a consistently strong demand from buyers.

In early 2014, inventory levels in Miami were shallow, forming a catalyst, which allowed for a string of multiple offer situations that ultimately forced home prices to inflate. However, as the year went on, inventory swelled. In the year’s final quarter, listing inventory jumped 33.8 percent year-over-year to nearly 11,000 units. Inventory wells filled so quickly from October to December, in fact, that available properties gained faster than sales. The report’s author, Jonathan Miller, president and CEO of Miller Samuel Inc., clarified what the shift means for Miami.

“Sales are up 15.9 percent, which is a large increase,” he said. “However, inventory has increased more quickly than sales, which will act to cool last year’s frenetic pace.”