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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.