I'm here to give you a market update for the Towers of Quayside in Miami-Dade County, FL.
As of May 2023, the housing market in the Towers of Quayside is showing signs of growth and stability. Currently, there are 8.33 months of supply of inventory, which means that there are enough homes available for buyers, but not too many that will drive down prices.
Over the last 12 months, the monthly supply of inventory has increased by 417.39%, which means that the market is becoming more balanced and less volatile. This is great news for sellers who are looking to list their homes in this area.
The list to sold price percentage is 90.5%, which means that homes in this area are selling close to their asking price. This is a great indicator of a healthy market, and it's a good time for sellers to consider putting their homes on the market.
The median days on the market are 168, which means that homes in this area are selling relatively quickly. However, it's important to note that this number can vary depending on the price point and the condition of the home.
Finally, the median sold price in this area is $520,000. This is a strong indicator that the market is growing and that there is a demand for homes in this area.
Overall, the market in the Towers of Quayside is showing signs of growth and stability. If you're a seller in this area, now is a great time to consider listing your home. If you're a buyer, there are plenty of options available, but it's important to act quickly as homes are selling relatively quickly. Thank you for reading and I hope you found this market update informative.
