home sellers market in south florida: THE BIG ADVANTAGE IF YOU SELL THIS SPRING
- 04/12/23 11:58 AM
Thinking about selling your house? If you’ve been waiting for the right time, it could be now while the supply of homes for sale is so low. HousingWire shares:
“. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because active listings fell to a new low last week for 2023 . . .”The National Association of Realtors (NAR) confirms today’s housing inventory is low by looking at the months’ supply of homes on the market. In a balanced market, about a six-month supply is needed. Anything lower … (5 comments)
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home sellers market in south florida: THE HOUSING SHORTAGE
- 06/15/21 03:00 PM
The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below that threshold means we’re in a sellers’ market. Today’s inventory level sits far below the norm.
According to the Existing Home Sales Report from the National Association of Realtors (NAR):
“Total housing inventory at the end of April amounted to 1.16 million units, up 10.5% from March's inventory and down … (0 comments)
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home sellers market in south florida: 2013 HOME SALES IN MIAMI-DADE & BROWARD COUNTIES, FL
- 02/04/14 10:57 PM
During 2013, the number of available homes for sale in Southeast Florida was so low that bidding wars, multiple offers & purchase prices above appraised values became the 'new normal' for buyers. The graph below depicts succintly how the low inventory levels in the region have affected the median sales price of single family homes since the first quarter of 2012 (widely acknowledged as the start of the seller's market, when supply fell consistently below 6 months). The red line shows the rise in median sales prices while the gray line shows the supply of homes for sale in months. At … (0 comments)
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