Sunday, October 9, 2011

South Florida Trends - Fall Update

The housing market is always fluctuating. Check out this information about how the market is looking right now!

-Average Home Price - $280-$340,000

-Average Price Compared to Last Year - Up 10-15% or more

-Average Time on Market - 0-30 Days

-Prices As % of Asking Price - 95-100%

-Buyers' or Sellers' Market - Active seller's market

-Multiple Offers on Homes - Yes

-Housing Inventory - Limited

-Greatest Activity - Move-up and relocating buyers. Single-family homes; condos and townhomes

-Reason to Buy/Sell - Single-family homes sell quickly. Condos and townhomes are hard to find.

-Nearest Metro Area - Miami, Fl

-Housing Hot-Spots - Anything on waterfront

For more information on the current market in your area, give me a call or visit my website

Source: HouseHunt

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