After one of the most successful first quarters in the past few years, we decided it was time to prove to our readers what we have been saying for quite some time: If you are thinking of selling your home, do it now! With the average price per square foot in Coral Gables being one of the highest we have seen in the past twelve months, and inventory being low, our market is fast approaching, if not already in, a seller’s market.
Skeptical? These numbers don’t lie!
As you can see in the chart above, inventory is incredibly low. A healthy market is considered to have 6-9 months worth of inventory. Below 6 months becomes a seller’s market. At 6.4 months of inventory, if you were thinking of selling in Coral Gables, this is the time to do it!
Wondering what your home might be worth? Contact us for a complimentary analysis of your home!