South Florida is the Place to Sell Your Home

Are you thinking of selling your home? You might want to consider doing it in South Florida. According to Realtor.com data, homes are sitting on the market longer almost everywhere — except South Florida. In South Florida, median days on the market dropped by nine to 50. Out of the largest 50 markets in the country, the Miami and Richmond, Virginia, areas were the only ones to see a drop.

Why is South Florida a Seller’s Market?

There are a number of reasons why now is a great time to sell your home in South Florida.

One reason is that there has been an influx of people moving to the area. In 2016, Miami had the biggest population growth of any U.S. city, according to the U.S. Census Bureau. And that trend has continued in 2017 and 2018. This population growth is good news for sellers because it means there are more potential buyers on the market.

Another reason why it’s a seller’s market is that there is a shortage of homes on the market relative to demand. The number of houses on the market nationwide has been falling for four years straight, according to the National Association of Realtors (NAR). At the same time, home prices have been rising steadily, which means that there are more buyers than there are homes available for sale. This imbalance is especially pronounced in South Florida, where inventory levels are at historic lows.

If you’re thinking of selling your home, now is a great time to do it in South Florida. Thanks to population growth and low inventory levels, homes are selling quickly and for top dollar. So if you’re looking to cash in on your investment, this is THE place to do it!

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