Real estate last month was crazy! With higher than average prices continuing to grow, South Miami was clearly still expanding. Home sale increase to a significant rate, higher than the entire year!
Year over year, the home sales prices nearly doubled! Having homes hit the market at higher rates, new constructions finalizing and selling, and overall higher sales closing caused last month’s rates to soar. Having such a high increase for South Miami, in my opinion is a bit unstable, so I expect we will see a drastic slow down for next month’s update, return it to its original 6-figure sales. Only time will tell!
These factors have obviously changed the value of your home, so if interested, message me here, or contact me directly for your FREE home valuation!
Interested to know where I think the real estate market is headed for 2020? Click here!