Current Market Data
Prices in the Miami metro area were up 7.0% over February 2020. CoreLogic classified Houston’s market as “overvalued.”
“Realtors from all walks of life share the common purpose of making a positive difference in communities across the country and delivering excellent service to their clients,” — NAR President Charlie Oppler.
“We have seen a surge of interest from millennials, who are the highest demographic partaking in leisure and personal travel, to have flexibility in their nomadic lifestyles.” — Alicia Lamadrid Paysse, sales director at Cevera Real Estate
Home prices posted monthly and yearly gains in January across the U.S. as well, according to the S&P CoreLogic Case-Shiller Indices.
Where are the best places for agents to work? Punta Gorda is one of them.
“The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift, but contracts are not clicking due to record-low inventory.” — NAR Chief Economist Lawrence Yun
It was a surprise year of growth for homebuilders in 2020, but that could be constrained by higher lumber costs, regulatory issues and a shortage of available lots, according to the National Association of Homebuilders.
A recent report from Redfin states that Florida’s “redlined” neighborhoods, which were once considered less desirable and relegated to Blacks and other minorities under racist policies, are frequently less prone to damage from flooding and climate change than non-redlined or “greenlined” neighborhoods.
The Redfin report noted that homes selling below their listing price in Miami “reflects market norms in the area.”
Much of the year-over-year increase in home sales was supported by continued robust activity in the Southeast, which saw a 20.2% rise to an annual rate of 458,000 transactions.