During a recent home inspection, I was speaking with the other real estate agent involved in the transaction about the current status of the real estate market. Our recent experiences seems to indicate a shift from a "buyers' market" to a more "neutral market;" meaning the current South Florida real estate market does not seem to clearly favor the buyer or the seller.
In the community in which the transaction is occuring we were discussing the lack of current inventory. This particular transaction is taking place in Boynton Beach. When the offer was placed and accepted on this particular home a couple of months ago, it was still a "buyers' market." There was more inventory than demand, which favored the buyer over the seller.
Now there are not many homes still available and there continues to be interest by buyers in the community. That reminded me of a recent situation where my client made an offer on a home and the deal recently fell through. We continue to search that market for homes to buy. Where there were many a couple of months ago, we cannot find a similar property right now. That does not mean one will not become present on the market; however, I expect it to be more competitive when the home does become available.
In discussion with other brokers in the South Florida market, I continue to hear similar anecdotes. Those who are still uncertain about buying homes in the current market might want to reconsider. I believe we are at an inflection point in the real estate market. If the economy shows sustained growth, then I think we will see a slow, but steady rise in home prices.
As a local Realtor, I am aware of the trends in the US market as well as in many of the communities in which I specialize. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
http://MYsouthFLrealestate.com
Referrals are appreciated and welcomed.
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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