You want your house to sell fast, and you might be wondering how long the process will take. The best way to get an accurate answer? Partner with a local real estate agent who knows the Miami market inside and out.
Expertise of a Local Real Estate Agent
A local real estate agent has the expertise to tell you how quickly homes are selling in your area and what factors are influencing the timelines for other sellers. This way, you can have realistic expectations and work together to create a plan tailored to today’s market conditions.
The Growing Supply of Homes for Sale in Miami
Over the past few months, the number of homes for sale in Miami has increased. As of June 2024, Miami has seen a 10% rise in inventory compared to last year, according to data from Realtor.com. This is positive news for buyers since it means more options when searching for a new home. However, it also means that sellers need to ensure their homes stand out, as buyers have more choices.
Available inventory consists of new listings (homes just put up for sale) and active listings (homes that have been on the market but haven’t sold yet). Much of the recent growth in inventory comes from active listings lingering on the market. For instance, in Edgewater Miami, the active listings have increased by 15% over the last quarter, making it crucial for sellers to strategize effectively.
How It’s Impacting Listings Today
Consider homes on the market like loaves of bread in a bakery. Freshly baked bread attracts more buyers, but if it sits too long, it becomes less appealing. The same applies to homes. New listings are highly sought after, but if a home is not priced correctly, doesn’t show well, or lacks an effective marketing strategy, it can sit on the market and become less attractive to buyers over time.
For example, homes in Coral Gables that are priced right and marketed well typically sell within 30 days, whereas those that don't might linger for 90 days or more.
An Agent Will Help Your House Stand Out and Sell Quickly
Timing is crucial when selling your home. You want to complete the sale quickly, and a professional real estate agent can help ensure your listing remains fresh. The National Association of Realtors (NAR) states:
“Home sellers without an agent are nearly twice as likely to say they didn’t accept an offer for at least three months; 53% of sellers who used an agent say they accepted an offer within a month of listing their home.”
Your agent will incorporate the recent inventory growth into their strategy and develop a customized selling plan for your home. The supply of homes for sale varies greatly by area, so your agent will provide valuable insights into the local market, help you price your home correctly, and create a marketing plan that ensures your home gets noticed.
In areas like Coconut Grove, where the market is particularly competitive, having a strategic plan is essential to avoid your listing going stale.
Don’t let your listing go stale—reach out to me, Anthony Spitaleri, your Miami real estate agent, today to ensure your home appeals to buyers from the start. It makes a significant difference.
Closing Thoughts
If you want your house to sell fast, working with a professional is essential. Let’s connect so you have someone who understands current market trends and can build a strategy around those factors, ensuring your house is set up to sell quickly.