The Florida real estate market is currently experiencing a surge in activity, with the median sale price of a home in Miami-Dade increasing over 9% in the last year. In October 2017, the total dollar volume of single-family homes was more than $481 million, and the median time to contract was less than fifty days. This means that the market is highly competitive and poised for growth.
If you’re looking to buy or sell a property in South Florida, now is an excellent time to do so. Experts are predicting that this trend will continue into 2019. As local Florida home buyers, we offer cash for houses in Florida. So, if you’re interested in selling your property, we can help you out.
A Quick Peek at the Florida Real Estate Market:
Home prices are increasing and there’s a growing demand for real estate in South Florida, making it a bustling and thrilling time for those who are looking to buy or sell property. Compared to other housing markets in the United States, it’s quite different at present. To sum up, if you reside in or plan to move to South Florida, you should take action now.
Seller’s Market:
In a seller’s market, sellers have the upper hand and can choose their buyers carefully. This type of market is characterized by high demand for homes and rising prices, so you can expect to get a good price for your home even if you decide to sell it without the help of a realtor.
The Numbers:
Florida’s real estate market is currently thriving and is ranked 9 out of 10 in terms of its health. The average selling price for a home in the state is $223,200. Moreover, there are fewer listings available in the market which results in faster sales of homes. Experts predict that the market will continue to grow in 2019.
Luxury Listings:
Luxury real estate refers to residential properties that are listed for over $1 million. The luxury market in South Florida is vast, with over 750 luxurious properties available for purchase in Miami alone. Despite the decrease in international investments in South Florida, the luxury housing market continues to attract buyers.
Construction:
There is a rising demand for property, which is leading to an increase in construction. This could impact whether it is a buyer’s market or a seller’s market in the near future.
Final Thoughts:
The Florida real estate market is currently thriving, and it has been for several years. With the recent influx of baby boomers retiring, there is even more opportunity to invest in Florida, where the sun shines almost all year round. Why keep shoveling snow and fighting traffic where you live now when you can invest in Florida real estate instead?
In comparison to other metropolitan markets, both domestically and globally, the majority of South Florida real estate markets come at a steep discount, making it an enticing option for many. It’s also a strong investment proposition.
Selling has also never been easier with potential buyers lining up to get in on what’s hot. If you’re ready to sell your Florida home, fast, feel free to contact us.
Sell My House in Florida
If you’re a homeowner in Florida and need to sell your house quickly, we can help. At 123SoldCash.com, we’re local homebuyers who provide hassle-free and fast sales to local homeowners. If your house qualifies, we’ll make you a fair cash offer in no time. If you have any questions or need more information, please don’t hesitate to call us at (786) 904-1444 or fill out our online form, and we’ll get back to you as soon as possible.