Falling Softly, Softly Falling

By
Real Estate Agent with EWM Realty, International 3028618

I can’t remember where I’ve heard this phrase before, but when I saw this month’s Coconut Grove real estate statistics it came to mind.

Facts and Trends Coconut Grove

Last month marked the 6th consecutive month that the number of homes for sale in Coconut Grove have fallen.   This trend has major implications.  In February of 2008 we had 1,007 properties for sale, and in August of 2008 we had only 910.  That is 100 LESS homes currently for sale in the area.

Why is this important?

  • Experts say that 3 consecutive months of falling inventory indicates a real estate market in recovery (we now have 6!)
  • If your house is for sale, you now have a 10%  higher chance of selling than you did in February (generally speaking)
  • With the number of homes on the market decreasing, the good homes will be snapped up faster than before.

Click here to view this post in its original format at The Real Estate Coconut.

Click here to view more reports on Coconut Grove Real Estate Statistics.

Posted by

Riley Smith | The Riley Smith Group

Coconut Grove Real Estate Specialist

Direct: 305-342-1623

Office: 305-960-5318

Address:

3560 Main Highway, Coconut Grove, Florida 33133

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