If you're looking to buy or sell a home in Palmetto Bay the following numbers will interest you. They represent the homes sold and available for sale in Palmetto Bay.
The first line of data is the total. If you look beneath that you will see a breakdown by price ranges.
When the entire county of Miami-Dade has enough inventory to last us at least four years, it's nice to see that the real estate numbers in Palmetto Bay are much healthier, in some cases as little as ten month's worth of inventory. While ten months is still considered a Buyer's Market, it is substantially better than 4 1/2 years worth of inventory, as is the number for Miami-Dade County as a whole.
It's interesting to note that neither the lower-priced homes nor the extreme top of the luxury homes are doing the best, as far as actives/sold. The range that is really doing the best is the $400,001 - $550,000 range.
If you need help interpreting these numbers and how they may affect the choices you make as a home seller or buyer in Palmetto Bay, please do not hesitate to get in touch with me.
Keeping the Real in Real Estate...
- Maggie Dokic, Realtor®
- Broker-Associate
- EWM Realtors
- Palmetto Bay Real Estate Blog
- 305.960.2455
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