If anyone thinks the market is changing in Miami-Dade county I'd like to present this visual. It is changing, but not for the better, it seems, at least in this price point.
This graph represents homes for sale in Miami-Dade County vs. Homes Sold. I limited the data to homes in the 300K to 400k range. Notice the change in the figures for last month. The inventory of homes for sale went up while the number of homes sold that month went down in comparison to the month before.
These figures illustrate how important it is to price your home correctly. The inventory home sellers are competing with is increasing while the available buyers is decreasing.
If you need more information on pricing your home for sale, please contact me for a free, no-obligation market analysis of your home's value. I am here to help you with your real estate needs.
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Maggie Dokic, SFR is a licensed real estate broker in the state of Florida selling residential real estate in Miami, Palmetto Bay, Pinecrest, Coral Gables, Gables by the Sea, High Pines, the Redland and other select areas of SW Miami-Dade County.
Maggie has earned her SFR certification to be able to better serve the needs of her customers in today's non-traditional real estate market. SFR is a Short Sale, Foreclosure Resource Specialist. Designees have been trained to understand the highly specialized options available to Sellers facing short sales & foreclosures and Buyers looking to buy them.
For more information on our local real estate market, or to see or sell a home in Miami, Palmetto Bay, Pinecrest, Coral Gables or the Redland, visit my Miami Real Estate blog or contact me at Maggie (at) TheBlogThatAteMiami (dot) com.
The opinions expressed herein, are those of the author, and not necessarily of Keller Williams Realty.
None of this information is to be deemed legal or financial advice. Please contact your attorney or accountant for same.
Marlene - thank you! I am very much a visual person. They drive the point home faster for me. It's important info that needs to be understood by anyone wanting to sell a house in our area nowadays.