It’s a seller’s marketplace when there is little inventory and high buyer interest.
The market favors sellers today in the strongest possible way, so those who are on the fence might want to reconsider.
It all comes down to supply and demand. At the moment, they are not in balance.
We are able to confirm that supply is low and demand is high. Buyers act quickly when new listings become available. To secure a home in a limited market, buyers pay a premium. South Florida luxury homes are what today’s buyers need, so they have them now.
Selling your home
The National Association of Realtors just released data that shows the astonishing number and rapidity of January 2021 home sales.
- 71% of January’s homes were sold within a month.
- In January, properties remained on the market for an average of 21 days. This is down from the 43 days it took a year ago.
- The number of existing homes sold rose 23.7% over the previous year.
Luxury is the new standard
Luxury homes lead the charge for sales that take place within the available inventory. The number of homes sold for more than $1 million increased 77% over January.
What are you doing wrong?
It is a big decision to move. There are two main reasons why you might be reluctant to list your home right now: Safety and discretion. Both of these issues are addressed with our clients.
Private-exclusive listings are off-market homes. The details are not distributed widely and will not appear on public search sites. The Compass agents work directly alongside their buyers and colleagues. While you have control over what information is shared about your home and yourself, top agents will still be exposed to it.
The virtual option
We have increased our commitment to making the home selling process more secure for everyone involved over the past year. We are committed to excellence in the virtual world.
We can help:
- Listings sent by email
- Virtual shows
- Home inspections that are safe and secure
- Closings with eSign
Even if the buyers aren’t physically present to view a property, it is possible to sell it. With our concierge-level attention and electronic services, logistics can be done remotely.
South Florida is still one of the most popular real estate markets in America.
We would love to assist you in the sale of your Boca Raton, Delray Beach or Highland Beach property.
This post was written by Josh Dotoli! Josh is the owner of Josh Dotoli Group which is a laser-focused real estate team at Compass comprised of industry experts selling Fort Lauderdale’s best neighborhoods. This dynamic group is one of the top-selling real estate teams in South Florida with over $94 million in sales in the past 12 months alone. Looking for Fort Lauderdale Luxury Homes? The Dotoli group has got you covered.