South Florida Home Sales Increase

South Florida Home Sales Increase

The price for a single-family home has increased throughout the global COVID-19 pandemic. South Florida has been able to sustain and grow throughout the pandemic by increasing its real estate sales and property values. South Florida has reportedly had more closed sales, new pending sales, and higher median prices compared with a year ago, despite the global pandemic.

Buying activity has increased due to the housing market, pent-up demand, and low mortgage rates within the South Florida region. There are many buying opportunities for homes, townhomes, apartments, and condos within this area. The buying opportunities are of high quality and competitive to other markets as well.

Overall, sellers can sell their homes close to the asking price, which is an increase from last year. This indicates a healthy real estate economy for both sellers and buyers of diverse properties. The properties include in South Florida that are experiencing an increase in demand are houses, townhomes, and condos.

Why Buy in South Florida?

South Florida has a relatively large supply of inventory for single-family homes, condos, apartments, and townhomes. The inventory has increased to twelve percent in the last seven months, which shows the market is balanced between buyers and sellers. A balanced market between buyers and sellers offers between a six and nine-month supply.

Both Broward and Palm Beach counties are exploding with dynamic markets that offer a large supply of real estate opportunities. The Great Florida Homes Team is ready to assist you with finding your next home.

We will work tirelessly to provide you with the best real estate offer that meets your financial demands. South Florida is a thriving market that offers many property options for you to consider.

Benefits of a Real Estate Agent?

The process of buying or selling a home involves many aspects and details, and a professional can help you navigate through all the ins and outs of your transaction. Our team is able to meet all your real estate needs. Buying and selling a home is exciting and having a reliable real estate agent to help you navigate various property options is essential!