THE MIAMI REAL ESTATE MARKET IS CURRENTLY UNDERGOING A RECOVERY.

The Miami real estate market continues to show signs of recovery. It seems that the market prices have finally reached their lowest point, and that’s where they will only move higher. In the last 12 months, the real estate market has made an amazing comeback; property values are rising and the climate is becoming warmer. The Miami Association of Realtors reports that, in comparison to April of last year, the median price at which a property may be sold for increased up 23.7% to $225,000. Over the last 12 months, the median price at which a Miami apartment may be sold for increased by 17.1% to $175,000. Miami homeowners are feeling more at ease listing their houses with Miami real estate agents and receiving close to asking price as the market is gradually starting to pick up steam again. Compared to 2012, homes are selling more quickly this year. According to a Miami realtor, the number of days on the market decreased by 12.5% in comparison to 2012. Some houses are selling in less than a week. Due to a shortage of accessible inventory, some houses are receiving many offers and ultimately selling for more than their assessment value. The cost of real estate is rising across Florida, and many prospective buyers are now focusing on south Florida in order to purchase a home for rental income or to relocate here and take advantage of this tropical haven known as Miami. Snowbirds from all over the globe choose Miami as their winter vacation spot, whether for work or play. They are purchasing real estate there, capitalizing on the low market values and knowing that homes in South Florida make excellent additions to their investment portfolio. When using his real estate services, Miami buyers and sellers may save money thanks to Miami realtor Julio Hernandez. He provides comprehensive service at a reduced fee for sellers, buyer’s rebates, and professional real estate in Miami and South Florida. This is your opportunity to own a portion of this tropical paradise, which has miles of sand beaches and consistently warm water temperatures over 75 degrees. You will fall in love with Miami and want to purchase real estate here that you can call home because of the city’s abundance of golf courses, nightlife, fashion shows, retail malls, art museums, music, and gourmet restaurants, among other attractions. The costs of real estate in Miami are rising, therefore now is the ideal moment to get one. Don’t put off buying any Miami real estate.