Palmetto Bay Market Update!


Palmetto Bay Market Update 5.11.12

I posted a blog recently about The Village of Palmetto Bay, and our turn key listing located at 14901 SW 87 Avenue. The market in the Village of Palmetto Bay is really on the rise! The market currently has a 6.2 month inventory. A healthy market contains a 6-9 month inventory. Anytime the market is below a 6 month inventory, we are in a seller’s market. This past April was a great month for Palmetto Bay! There were 39 pending sales, which is the largest number of pending sales for a one month span in over a year. This is up 25% from April of 2011. Inventory is much lower than this time last year. Inventory is down 41% from April of 2011, when we had 157 active listings. We now have 111 active listings in the area. This is the time to sell!

Wondering what your home might be worth? Please contact The Kern Team to set up an appointment for a complimentary analysis of your home!