The South Florida real estate market is among the most dynamic real estate markets in the entire United States. In the following paragraphs are important facts and statistics that represent changes in the industry in the region.

Price indicators continue to rise. The growth of the real estate market in the region is influenced by a global trend in the world market. America is now experiencing significant growth based on the home price index in the first quarter of 2014, which was at 726. It grew to 755.4 in the second quarter of 2014. Although the growth was minimal, it is a sign continuous growth and recovery of all housing. industries

Listing inventory expands. The demand for houses to buy is also increasing. This is based on the increase in the number of homes that are included in the listings. One factor influencing developers and homeowners to list properties for sale is rising prices.

Most of the market is dominated by cash purchases. Home sales are booming not only because of rising prices. It is also experiencing growth due to huge cash purchases of most houses on the for sale lists.

Fewer homes in distressed sales indicate a stronger market. Compared to the houses that are being put up for sale without difficulty, there are now fewer properties in the sale with difficulties. This means fewer homeowners are experiencing economic downturns. If this translates into strength, then more people will be able to buy homes, whether as investment properties for retirement, vacations, or rentals.

South Florida cities continue to show positive real estate growth statistics. Miami, one of the most desirable cities in Florida to buy a home, continues its strong performance in the real estate market. This is indicated by being the city with the highest average price. It also posted the most homes sold for the first quarter in eight years. Cash market share shows strength with a 48.9% increase in single-family home sales.

Boca Raton is also an actor. In the first quarter of 2014, 10 units were sold at a price of more than $1 million. Despite buyers shifting from luxury homes to mid-range and low-end homes, median prices continue to rise. The starting prices of the properties in the listings are also increasing.

Fort Lauderdale also shows a dominant force based on indicators. In different categories of housing, a strong increase in prices is exhibited. There is also an increase in the price threshold for luxury homes with 22.4% in condos and 42.4% in single-family homes.

In Palm Beach, condo sales rose while single-family home sales fell. This shows that the city is experiencing a market shift as most people, especially millennials, prefer smaller spaces to maintain. Mainly, this is influenced by the individual lives, professions and lifestyles they have.

If these facts force you to see what the South Florida real estate market truly has to offer, friendly realtors are always ready to provide professional assistance.