The Beaches Market Report:
The Beaches home owners are enjoying another year of watching their home values rise, as sales prices rise another 6% over 2018, at a current average of $480,000:
For the 3rd year in a row, marketing time is holding at 70 days as homes continue to sell at a rapid pace:
There are no signs of the market turning to favor buyers, as months of inventory remains under 6 months (6 months is considered a balanced market). As of the close of July home inventory was at just 3.5 months:
What does it all mean for your Beaches home sale? Well if you're looking for the right time to sell - this is certainly it! You never know when the market will turn, but the current growth rate is unsustainable in the long run.
Last Updated on August 19, 2019 by Minna Reid