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Investors Coming Back to Real Estate

As inventory has steadily dwindled over the past two years and prices are beginning to rise, developers are starting to enter the market again. When a new, well-priced listing appears on the MLX, buyers as well as investors jump immediately. As we were leaving an open house recently in Coral Gables, we heard a realtor say, “I have so many buyers that I am working with, but nothing to show them.” While this is music to our ears as realtors, it is a big change from the conditions we have seen in the past. If you are a homebuyer or an investor, don’t wait another minute. In the under $1 million price range in Coral Gables, we are moving from a buyer’s market to a fair or seller’s market.

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