If you're considering selling your home in Coral Springs FL, now might be an opportune moment to make your move. Here’s a detailed look at the current market trends to help you make an informed decision:
Market Overview
Closed Sales:
While the number of closed sales has seen a slight decrease year-over-year, indicating a more competitive market, there’s more to consider.
Median Sales Price:
Average Sales Price:
The rise in median and average sales prices suggests that homes in Coral Springs are appreciating, making it a potentially lucrative time to sell.
Dollar Volume:
Despite a drop in the dollar volume of closed sales for June, the overall year-to-date figures show a positive trend, indicating a stable market with high-value transactions.
Percent of Original List Price Received:
Sellers are receiving slightly less than their original asking prices, suggesting a small adjustment in pricing might be needed to attract buyers.
Median Time to Contract:
Homes are taking a bit longer to go under contract, but the year-to-date figure shows a quicker turnaround compared to the previous year.
Pending Sales:
A decrease in pending sales might reflect a more cautious buyer market, but this also presents an opportunity for sellers with well-priced and well-presented homes.
New Coral Springs Home For Sale Listings:
The increase in new listings year-to-date indicates that more homes are entering the market, providing more choices for buyers.
Inventory of Homes for Sale:
The significant rise in inventory means more competition, which could influence your selling strategy.
Months Supply of Inventory:
A higher supply of inventory indicates a shift towards a more balanced market, but still below the 6-month threshold that typically signals a buyer’s market.
Why Now Might Be the Right Time to Sell your Home in Coral Springs Florida:
If you’re contemplating selling, don’t hesitate to reach out for a personal, no-obligation home valuation. Contact The Padron Team at (954) 937-1100 or email padron@homesforsaleteam.realestate to get expert advice tailored to your property and situation.