South Florida Housing Market Update [October 2020]

In this video, Andy Mandel with REMAX Advisors goes over the most recent statistics for the South Florida Housing Market for October 2020. Are prices going up or down? Watch the video to find out so you can make an informed decision for your family!

Hey, it's Andy with the Mandel team at Remax and I'm here to bring you your October, 2020 housing market update. As always for the purposes of this video, we're gonna be talking about Boca, Parkland and Coral Springs. Those are the areas where our team does the predominant amount of our business, and we're talking about single family houses only, no condos, no townhouses, and we're not gonna be discussing 55 and over communities or country clubs.…

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Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported:

“Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.”

Whenever there is a shortage in supply of an item that’s in high demand, the price of that item increases. That’s exactly what’s happening in the real estate market right now. CoreLogic’s latest Home Price Index reports that values have increased by 5.5% over the last year.

This is great news if you’re planning to sell your house; on the other hand, as either a first-time or repeat buyer, this may instead seem like troubling…

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Why Selling this Fall May Be Your Best Move | MyKCM



If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one.

1. Buyers Are Actively in the Market

ShowingTime, a leading real estate showing software and market stat service provider, just reported that buyer traffic jumped 60.7% compared to this time last year. That’s a huge increase.

It’s clear that buyers are ready, willing, and able to purchase – and they’re in the market right now. In many regions of the country, multiple buyers are entering bidding wars to compete for the home they want. Take advantage of the buyer activity currently in the market so you can sell your house in the most favorable…

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