Ft. Lauderdale and Surrounding Areas Market Update

English Real Estate Group Video Blog with Scott English

Right now is a great time to be on the market to either buy or sell a home in the Ft. Lauderdale market. Allow me to explain why.

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Today I wanted to give you a quick look at some of the most important stats from the Ft. Lauderdale market and what they mean to you.

If you're selling a home, you're in a strong position at this time because we only have three months of inventory, and we have a lot of buyers out there attempting to buy a home while interest rates are low. Since inventory has stayed low in the Ft. Lauderdale area for several months, prices have slowly increased. It's simply a matter of supply and demand.

If you're a seller thinking of upgrading into a new home, January and February are excellent months to be on the market. If you wait for spring, inventory will likely increase, and buyers will have more properties to choose from.

According to expert real estate analysts, interest rates will rise in 2017. At this time, however, we're unsure of the impact this will have. Why? We've had historically low interest rates for years. In my opinion, it won't significantly impact buyers or sellers.

It's a great time to become a homeowner while rates are still near historic lows.

In short, it's a great time for you to list your home as a seller because of low inventory. As for anyone looking to become a homeowner, now is the time to jump off the fence and buy while rates are still near historic lows.

If you have any questions about our market or you're thinking of buying or selling a home, give me a call or send me an email soon. I'd be happy to help!