The Miami Herald ran an article yesterday reinforcing what I posted a few weeks ago about strong October sales. The article’s main thrust was that “the number of sales contracts on single-family homes and condos in Miami-Dade jumped sharply in October despite the very low inventory of homes on the market.”
The article accurately communicated that with “healthy demand and little on the market, properties are selling for closer to their asking price and sellers aren’t inclined to offer discounts, agents say. For October, single-family homes in Miami-Dade sold at 95 percent of the original listing price, while condos went for 97.1 percent of original listing price on average, the Miami Realtors said. In October 2011, single family homes fetched 91 percent of listing price on average and condos got 93.6 percent of listing price.”
All metrics point to positive rebound signs, particularly in Coral Gables and Coconut Grove. “There is a general feeling of optimism that the market is coming back,” said Carole Smith, a Realtor with Esslinger-Wooten-Maxwell in Miami.
I couldn’t have said better myself:) I definitely feel optimistic. Do you? (Set aside the Fiscal Cliff and the Mayan Dooms Day approaching.) I prefer to celebrate good news. Join me in a dance, would ya’?