Nationally, the housing market is setting a bunch of records. In fact, half of the homes that went into contact during March spent a very small period of time on the market. This is the highest percentage of fast-selling homes since 2012. In the final week f the period, around 61% of homes sold within two weeks.
In addition, 47% of sellers accepted an offer within one week of listing. This is much higher compared to last year, when the percentage was 33%. To get the homes they wanted, buyers had to act fast and most likely pay the full asking price. In fact, 41% of homes sold for more than their list price. This is because demand is very high, and supply is limited. Despite rising prices and low inventory, interest among buyers remains high.
Looking to buy or sell your home?
We are here to help! AMG International Realty is a global real estate firm specializing in Florida. If you are you looking to buy, rent, or sell in Miami we are here to guide you through every step of the way. From mortgage applications, to finding your dream home and closing the deal. For more information about the current real estate market in the area, contact us today!
Chat with me on WhatsApp: +1 (305) 318 6968 (Heloisa Arazi).