A seller's market might be emerging once again in the South Florida real estate market.
The Realtors Association of the Palm Beaches reported Palm Beach County's median sales price for existing homes increased 12% in August 2012 from the previous year; unit sales were up 8% during the same time frame.
The levels of inventory is contracting and buyers are finding they do not have the same leverage they recently enjoyed. The vast majority of people I have worked with recently marveled at the lack of current inventory. I have heard, "can't be all there is" and "are you sure there aren't more available" when I send search results.
When speaking with people who are thinking of selling their home and/or renting it, they all seem to be keenly aware that prices are moving up for both-- and inventory is moving quickly.
The market is continuously changing. Contact me for more information.
As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. 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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