Are Real Estate Prices going down!
Consumers feel it is a good time to buy and sell according to the last survey done by National Association of Realtors, through a sample of 900 qualified households from October to December 2019.
According to this study, sixty four percent of the sample believe that prices have increased in the last 12 months, forty-one percent think that the prices will be steady in the next 6 months.
NAR highlighted the following:
· Across nearly all groups surveyed, the majority feel that now is a good time to buy a home.
· Those in the Silent Generation (73%) and Younger Boomers (70%) are the most likely to think now is a good time to buy a home, as well as those in the Midwest (69%).
· Seventy four percent of people believe that now is a good time to sell a home, which is the same from Q3 2019.
· Those who earn $100,000 or more (82%), live in the West (81%), and own their home are most likely to think that now is a good time to sell a home.
Asking yourself which real estate information is most accurate? Let me show you my data and you will see why today is the right time to buy, sell, or invest in Miami, Brickell, Coconut Grove, Coral Gables, Pinecrest, Palmetto Bay or Cutler Bay. Contact Maria Medina for a real estate consultation
