Home-price gains are weakest in 7 years

The S&P CoreLogic Case-Shiller 20-city index rose a seasonally adjusted 0.1% in March, compared to February, and was 2.7% higher compared to a year ago. That was the slowest pace of annual growth since August 2012. The pace of home-price growth continues to decelerate. That’s good news for the housing market, say most experts: it gives would-be buyers a fighting chance, but still provides some equity appreciation for owners. In the three-month period … READ MORE

Buyer’s Markets Begin to Surface

As inventory reappears, the housing market’s narrative is shifting. According to new realtor.com® research, there are burgeoning buyer’s markets to watch, characterized by expanding inventory and moderating prices. The top 10 are:.…READ MORE

Inventory has increased. This is better for buyers.

There are 45 active listings this week, with 5 new ones.

There were 2 closed sales this week.

6 listings under $400,000

18 of the active listings, are priced over $500,000.

There are now 4 properties listed over $1,000,000.

Of all the active listings, twelve (12) 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 31, 2019, through June 7, 2019 there were reported 5 new listings, 2 closed sales, 1pending sale, 0 active with contract, 1 expired listings, 0 cancelled listings, 7 price reductions. 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.

Attention Sellers!

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, June 7, 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: charlie@leonardrealestategroup.com

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