6 Ways To Get Your Home Ready For A Spring Sale
Selling your home in the spring doesn’t mean you have to actually wait until spring to prepare your home for a sale. After the holiday whirlwind of festivities and guests, it’s time to get your house in order this winter for a successful spring sale. Here’s what …READ MORE
‘The Bottom Is Here’: Surprise Drop in Mortgage Rates
Mortgage Rates Hit a 12-Month Low as
Signs of Economic Slowdown Dog the Housing Market
Rates for home loans fell to the lowest in a year as inflation cooled and investors braced for a slowing global economyThe 30-year fixed-rate mortgage averaged 4.37% in the February 14 week, mortgage guarantor Freddie Mac said Thursday. That was down from 4.41% in the prior week. “Six months ago it was a strong seller’s market, but that’s calmed down a little, taken a bit of a turn,” DeFelice said. “Inventory is picking up a bit. It’s starting to become, not a buyer’s market necessarily, but a bit more balanced. Sellers are getting reasonable prices and buyers are paying reasonable prices. Right now it’s a sweet spot.” The recent lull in mortgage rates has been… READ MORE
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The Current Miami Springs Market
What a difference a week makes. Activity was much slower this last week, of the 48 active listings, almost half, (22) are listed over $500,000. Three Listings are over $1,000,000.
Many active listings have had a price reduction. What does this mean? Usually, the property was overpriced from the beginning. The sellers are recognizing the market is changing. Prices are not increasing as fast as the last several years. Sellers don’t want to miss potential buyers and deal with increased competition.
The Miami Springs & VG markets continue to be very strong. The demand is high for properties under $400,000. The inventory levels are steady for the moment. How long will this sellers’ market last? A shift is on its way.
Sellers should really evaluate their position in the market in order to realize a sale quickly. Prices remain strong. Interest rates are low. A Buyer’s marketis waiting in the wings!
During the period of February 8, through February 15, 2019 there was 1 new listing, 0 closed sales, 1 pending sale, 1 expired listing. There are still very good buying opportunities for buyers especially since interest rates remain very good. IT REALLY IS A GOOD TIME TO BUY OR SELL.
Low Inventory + Low Interest rates + Increasing prices = Sellers Market.
The Market will change. Act Now!
The table below shows the current status of the Miami Springs/VG real estate market as of Friday, February 15, 2019. All closed sales are within last 90 days.
HOW DOES YOUR HOUSE COMPARE?
*Disclaimer: The data relating to real estate displayed on this website and the chart above comes from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed and can be independently verified.
A complete list of all the properties for sale in Miami Springs or any other area of Miami-Dade County can be sent to you on regular basis. Request it at: email@example.com
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