Video: Real Estate Community Tour for Surfside, FL
See Real estate community tour for Surfside, FL
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was up 31% from one year earlier, and up 2% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 800-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 150%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 650-thousand dollars. The number of units sold decreased 10% year-over-year, and increased 29% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.