In Coral Gables, home sales slowed down slightly in the last few months, while inventory climbed in September after a steady four-year downward clip from 650 homes on the MLX in 2009 to 260 homes in May of 2013. Now we are up to 273 single-family homes for sale but this has just inched up since June.
Although Florida Realtors reported that U.S. home prices are rising but at a slower pace than months before, we see the same thing in the Gables. We do not foresee prices dropping. They have only fallen once (in 2007-2008) since I started selling real estate in the early 1970's. What we do predict is that buyers will begin to be more particular and not rush so much to get into a bidding war where multiple offers come in the first week on well-priced new listings. The number of days listings are on the market will increase a bit. We are going to be shifting from a very strong seller's market to a less strong seller's market or to a fair market for the next year or so.
Now is the best time to sell. Call us and we will run a free market analysis. We make staging recommendations so your home is in tip-top showing condition and listed at the correct price in order to attract the maximum number of buyers in the first two weeks it is on the market.