Houses Are Selling Faster and for More Money

Wooden fence
Wooden fence

Houses in Broward County, FL are selling faster and for more money.

Lets look at the chart. We can see the ralationship between Listing Price, Median and Average Days on The Market.

Days to Sell VS Listing Price in Broward County, FL Real Estate For Period Jan 2013 to March 2018. DeNapoliGroup.com
Days to Sell VS Listing Price in Broward County, FL real estate for a period Jan 2013 to March 2018. DeNapoliGroup.com

There is a lot of competition out there.

After long seach and looking at many homes for sale, homebuyer finally  finds THE ONE. It is the house that fits the most what the buyer wants and needs. But the buyer still wants to “think about it”.

If you are looking for  a house to buy, please be ready to act fast. Homes are selling fast right now.

For people who were looking to buy a home just few years back- they had more time to look at the house, and they had time to think about buying a particular house. Then it took about 90 days to sell  home. But now people have to act fast. Because it takes about 35 days to sell a house. It is almost 3 times as fast. So there is no time to to waiste.

If the homebuyer likes the house, their realtor should write an offer for the house. Just like that. A buyer can’t waste time and “think about it”. The competition is strong, and if the particullar buyer is not giving an offer for the house, then there is going to be another buyer that likes the house and will put an offer for it.

 

The data used to make this chart comes from the MLS of The Palm Beaches and Greater Fort Lauderdale, which has data that is deemed reliable but not guaranteed and has the most accurate and up-to-date information about local home sales.