The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure.
Homes priced between $100-250K showed a modest increase at 3.4%. This not only points to the lower inventory of homes available for sale in this price range but also speaks to the overall strength of the housing market.
<<SEARCH FORT LAUDERDALE HOMES FOR SALE>>
Sales of homes over $250,000 increased by double digit percentages with sales in the $750,000- $1 million range showing the largest increase, up 16.7%!
As prices in many markets continue to accelerate, it is no surprise to see the percentage of homes in the higher price ranges increasing.
Here is the breakdown:
What does that mean to you if you are selling?
Houses are definitely selling. If your house has been on the market for any length of time and has not yet sold, perhaps it is time to sit with your agent and see if it is priced appropriately to compete in today’s market.
One of our Favorite parts of this job, is helping Americans achieve the American Dream of Homeownership. Sometimes multiple homes! This is what drives our business, knowing we are helping others set a goal to build financial wealth through homeownership and helping them navigate through every step of the process.
Contact Jay Cermak Top Fort Lauderdale Real Estate Agent at 954.235.3589 and let our team help you achieve your American Dream!
Serving all of South Florida and Fort Lauderdale Areas for all of your buying and selling Real Estate Needs.
No comments:
Post a Comment