These Are the Best Days of the Year
to Sell Your Home
If you're on the fence about listing your home, now is the perfect time to take the dive. According to a recent ATTOM Data Solutions analysis, 19 of the 20 best days to sell during the calendar year fall in May or June. After analyzing more than 28 million single-family home and condo sales over the past eight years, ATTOM Data Solutions concluded that sellers listing around this time of the year—as the weather is warming up—will garner seller premiums. "Since summer is a time for vacations and …READ MORE
Mortgage Rates Slump for the Third Straight Week
The 30-year fixed-rate mortgage averaged 4.10% in the May 9 week, Freddie Mac said Thursday. That was down 4 basis points during the week. Investors wary of the current economic situation due to ongoing trade disputes resorted to the bond market, causing the 10-year treasury yield to decrease. A combination of low mortgage rates, a strong job market and modest wage growth should spur homebuyer interest and also serve as an incentive for homeowners looking to refinance.…READMORE
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The Current Miami Springs Market
There are 39 active listings this week, with 4 new ones. Closed sales were 2 this week. 19 of the active listings, are priced over $500,000. There are now 3 properties listed over $1,000,000. Of all the active listings, fifteen (15) have had a price reduction. What does this mean? Usually, the property was overpriced from the beginning. Thesellers are recognizing the market is changing. Prices are not increasing as fast as the last several years. Sellers should not 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. There are 6 listings under $400,000. How long will this sellers’ market last? Experts say a shift is on its way. Sellers that haven’t been able to sell their property should really evaluate their position in the market and adjust accordingly based on their circumstance. Prices remain strong. Interest rates are low.
Timing is everything
During the period of May 3, 2019, through May 10, 2019 there were reported 4 new listings,2 closed sale, 2 pending sales, 1 expired listings, 2 cancelled listings. There are still very good buying opportunities for buyers because interest rates remain very good. IT ACTUALLY 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, May 10, 2019. All closed sales are within the 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: firstname.lastname@example.org
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