Remember that housing bubble?

Yep. Me, too.

Some people are concerned about the current real estate trend, while some others actually question whether we’re in or approaching another real estate bubble.

According to an article published by the Florida Association of Realtors, we’re NOT in a bubble. But truth be told, we are experiencing a slight imbalance in the market that is causing home prices to rise quicker than expected.

Tight inventory is primarily to blame. While demand for housing remains strong, there aren’t enough homes to satisfy that demand. As a result, we find ourselves in a seller’s market…

Whether or not we’ll end up in a bubble is “impossible” to tell, but for now, we can admit to a robust, Miami market and a happy welcome to new construction.

At this point, I’m sure you’re asking yourself whether or not it’s a good or bad time to buy! To that, I will advise you contact me to discuss. And if you’re considering adding to our inventory, I encourage you to contact me to find out what is the true value of your home and what you might expect to earn from a sale.