Coral Gables, Florida
December 9, 2009
Coral Gables home sales statistics show that the available inventory has dropped from an eighteen (18) month supply fifteen months ago to just over a twelve (12) month supply now. This as we enter our Winter selling season. Typically an absoption rate of over twelve months is a buyers market with six to twelve months being an equilibrium market with an balanced supply of buyers and sellers. This is great news for the Coral Gables Single family home buyers and sellers. Please see the chart below.
Coral Gables home sales statistics show that the average price per square foot has increased from $303.00 to $315.00 a four (4) percent increase for the sme three month period a year ago. This, too, is great news for the Coral Gables Single family home buyers and sellers. Please see the chart below.
Although real estate transactions are hyper-local with one seller and one buyer sometimes general information can be very informative when one is considering buying or selling. If you would like specific information about your property, please call us at 800-433-5960 or email us using the “Contact Us” button to the right to get more information on Coral Gables single family homes for sale.