Existing-Home Sales Slip, but Inventory Stirs

Barely budging against imbalanced inventory, existing-home sales slipped at the start of summer, the National Association of REALTORS® (NAR) reports. Activity in June declined 0.6 percent to 5.38 million, down 2.2 percent from the prior year; however, inventory… READ MORE

Half of U.S. homes are now more valuable

than before the real-estate bubble burst

There’s a split emerging in the U.S. housing market: Some are becoming more valuable than ever, while others struggle to emerge from the financial crisis.

More than half of the homes nationwide are now more valuable than their pre-recession peaks, according a report released Thursday by real-estate website Zillow ZG, -7.08% ... READ MORE

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The Current Miami Springs Market

The Miami Springs and Virginia Gardens markets continue to be very strong. The demand is high but the inventory remains low

This was a slow week, mainly due to the lack of affordable entry level homes.. Approximately a 4 month housing supply. There are very good buying opportunities for buyers due to very good interest rates. It really is a good time to Buy or Sell.

During the period of July 20th, 2018 through July 27th, 2018 there were 6 new listings, 4 closed sales, 0 pending sales, 1 expired listing.

The table below shows the current status of the Miami Springs/VG real estate market as of Friday, July 27th, 2018. All closed sales are within last 90 days.

HOW DOES YOUR HOUSE COMPARE?

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: charlie@leonardrealestategroup.com

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