Since the start of 2009, inventory of residential homes has dropped steadily. There are fewer homes on the market, and more homes are selling. The number of home sales has tripled since the start of the year in Miami’s zip code 33176… and the number of available homes has dropped notably. Low interest rates certainly don’t hurt!
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NAR’s Latest Buyer-Seller Report: Moving Earlier, Selling Quicker
NAR’s 2021 Buyer-Seller Report: Moving Earlier, Selling Quicker By Kerry Smith Between July 2020 and June 2021, U.S. homes sold at a record pace. However, many owners didn’t stay in their home as long, with average tenure dropping from 10 years in last year’s report...
