Broward County Total Pending Sales Rise Month over Month
Fort Lauderdale
MIAMI — Broward County total pending sales rose again for the second consecutive month, according to February 2023 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
“Fort Lauderdale and Broward County real estate continues to post sales on par with pre-pandemic numbers,” BROWARD-MIAMI President Alfredo Pujol said. “Rising pending sales and showing appointments are indicators of future buyer activity and strong signs for the high-demand, low inventory Broward market.”
Pending Sales and Showing Appointments Rise for Second Consecutive Month
Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list your house?
It starts with the number of homes available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for
Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips:
1. Make Sure You Give Buyers Access
One of the biggest mistakes you can make as a seller is limiting the days and times when buyers have access to view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers’ access to view it. If
Get Ready: The Best Time To List Your House Is Almost Here
March 27, 2023
For SellersSelling Myths
If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching.
Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year:
“Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly. The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other…
Once you’ve made the decision to sell your house and have hired a real estate agent to help, they’ll ask how much access to your home you want to give potential buyers. Your answer matters more now than it did in recent years. Here’s why.
At the height of the buying frenzy seen during the pandemic, there was a rise in the number of homebuyers who put offers on houses sight unseen. That happened for three reasons:
Extremely low housing inventory
A lot of competition from other buyers wanting to take advantage of historically low mortgage rates
And general wariness of in-person home tours during a
What Buyer Activity Tells Us About the Housing Market
March 16, 2023
For SellersMove-Up BuyersSelling Myths
Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News:
“Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.”
That activity can be seen in the latest ShowingTime Showing Index, which is a measure of buyers actively touring available homes (see graph below):
The 62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since
For BuyersFirst Time Home BuyersMove-Up BuyersHousing Market UpdatesRent vs. Buy
Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.
Selma Hepp, Chief Economist at CoreLogic, says:
“While 2023 kicked off on a more optimistic note for the U.S. housing market,…
An inspection is a visual analysis of the accessible portions of the home and its component systems, such as plumbing, electrical, roofing, structural and cooling/heating systems. An inspector’s report alerts the buyer to potentially expensive and annoying physical defects in the condition of the home. Based on the inspector’s findings and recommendations, the buyer may use the results as an opportunity to probe the seller’s willingness to cure defects. Further, often times buyers may elect to exit the deal for material defects, negotiate a promise from the seller to make needed repairs, or convince the seller to grant a compensatory price reduction.
Although many buyers tend to hire a single inspector or inspection firm, the inspector may recommend
What Buyer Activity Tells Us About the Housing Market
March 16, 2023
For SellersMove-Up BuyersSelling Myths
Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News:
“Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.”
That activity can be seen in the latest ShowingTime Showing Index, which is a measure of buyers actively touring available homes (see graph below):
The 62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other month
Fort Lauderdale
