Lamacchia Realty

MARCH 26, 2024

In the chart below, the trend depicts that inventory in all three South Florida counties (Palm Beach, Miami-Dade, and Broward) has been rising since April of 2022. The chart below shows the median time to contract, which is the number of days it takes for the property to be considered off the market.

Bracketing 60

Bracketing HOA Sellers Buyers 60

Lamacchia Realty

JUNE 21, 2022

As you can see in the chart below, the red line indicates that 2022 began with the highest absorption rate of available inventory in the past 4 years but over the past 8 weeks has dropped to right around the same rate or lower than last year and we expect it to be going down more. That’s because fewer homes are being placed under contract.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Houston Properties

JANUARY 13, 2021

For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. We believe the bill won’t come due in 2021 and potentially not in 2022 either. Properties are still going under contract. So, what did they do? Many increased their savings.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68