South Florida Real Estate is Heating Up

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South Florida Real Estate is Heating Up

Posted by Web Master on Wednesday, March 27th, 2013 at 2:19pm.

There is no question that the real estate industry is on the rebound in South Florida, and this applies to both buyers and sellers. According to CBS Miami, the median home price in South Florida has increased by 36 percent in the past 12 months, making Miami the second hottest comeback city in the country.  This is great news for sellers hoping to make some return of investment on their homes. While 36 percent sounds like an unprecedented increase in home values in such a short period of time, it's important to remember how hard the South Florida market was hit by the housing crisis.  During our region's rock bottom period in early 2011, house values were down 50% or more on average.  Therefore, even with the recent improvement in home values, there are still plenty of incredible deals out there for buyers to take advantage of. Whether you are looking to get the most value for your home or are a buyer that wants to capitalize on an unbelievable deal in South Florida, we hope that you will rely on the expertise from the Lang Realty team.

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Photo via MaxyM/

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