Miami home buyer
December 3, 2024
The South Miami housing market remains fairly competitive, with plenty of homes on the market but fewer homes sold compared to the past six months. Inventory is up by nearly 40% in South Miami, a stronger sign of a buyer’s market that we haven’t seen since before COVID. From a seller’s perspective, this suggests you should make sure your home doesn’t stay on the market for too long. South Miami Home Prices In September of 2024, the median listing home price in South Miami was $557 per square foot, putting it in the same range as nearby Coral Gables. That’s also 6.1% increase since August 2024, but within the same general ballpark as the summer and spring. How Quickly are […]
November 26, 2024
If you’re thinking of buying or selling a home, it’s important to pay attention to your local housing market to see if your area is currently in a buyer’s or a seller’s market. This can give you an idea of how to approach each process and give you an advantage over other buyers or sellers. In a seller’s market, the demand for homes exceeds the supply. Based on the basic laws of supply and demand, this gives sellers the upper hand because it means that buyers have fewer houses to choose from. Under these conditions, homes typically sell very quickly, and sellers typically receive multiple offers over asking price. Here are a few more ways to tell you’re in a […]