Bidding Wars Return to the South Florida Home Market

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Bidding Wars Return to the South Florida Home Market

Posted by Web Master on Wednesday, March 27th, 2013 at 2:05pm.

Inventory is shrinking while demand for real estate in South Florida continues to grow. According to a recent news report in The Miami Herald, it's safe to say that bidding wars have returned in full force. 

"Say hello again to multiple sales contracts, bids coming in above asking prices, and sellers calling the shots with demands for cash only, quick closings and commitments to buy regardless of whether an appraisal confirms the selling price."

Homes and condos whether luxury, oceanfront or in downtown areas of Palm Beach County - as long as they are priced right - are flying off the market. According to experts, this can be attributed to the fact that people are realizing the housing crisis is coming to an end, which means prices will not stay this low for long. Combine this with the buzz of the hot summer homebuying season and you have a market that is saturated with eager buyers. Homeowners looking to sell a home or condo in Boca Raton, Palm Beach, Boynton Beach, Delray Beach or Port St. Lucie can call on the experienced agents at Lang Realty to ensure a smooth and successful real estate transaction. To learn more about our leading realty services and selling agents, contact us at 866.733.2214.

south florida housing market trends


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