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Mid-Summer Miami Real Estate Market Guidance

Real Estate For Sale

Miami real estate market data from the week ending on July 11th has been released. This recent report confirms what I’ve been experiencing on the ground in the second half of the summer as covid cases spike. Overall, we’re seeing very low inventory and lower interest rates, making the climate unusually competitive for buyers in our high-end neighborhoods. Buyers are highly motivated to take advantage of very low interest rates, making it profitable to be a seller right now.  

Total inventory is down nationwide by 32%, new listings were down 19% and the median listing prices grew 7.9%. Would-be spring buyers are making up for lost time, shopping in what would normally be summer vacation season as they prepare for more virtual learning and working from home orders this fall. These conditions have definitely been reflected in our extra jam packed appointment books. When the buyers do start hunting they are met with more expensive options in a limited pool. It’s my professional opinion that now is an excellent time for sellers to jump in! Today’s sellers will find an unprecedented level of buyer interest, quicker transaction times, and higher returns on average. Reach out to benefit from my guidance through this process. I look forward to working with you as we face historic market conditions.

 I have been selling real estate in our area since 1993 and have been a resident of Miami-Dade since 1969. I am consistently in the Top ½ of 1% of all agents nationwide based on total sales volume. Let my expertise work for you. Contact me for a private meeting and I will take care of the rest. The best way of reaching me is at (305) 444-7224 or you may email me at mauricio@miamisignaturehomes.comMore Info. 

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Real Estate For Sale

Contact

  • Broker-Associate

    Mauricio J. Barba, P.A.
    Compass Real Estate

  • TELEPHONE

    305.439.8311 Mobile 305.444.7224 Direct 305.667.1757 Fax

  • OUR LOCATION

    2550 South Bayshore Drive, Suite 106
    Miami, Florida 33133

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