Starter homes have made their way into the market - so much so that new listings have now been reported to have a 6.5% increase in listing prices. This is good news for first-time buyers looking to break into the market. New listings increased on a year-over-year basis for the fourth consecutive month since sellers have added an abundance of smaller homes to the market. Growth for median listing prices remained moderate in the last month, but that could be due to the increase of lower-priced homes on the market.
Miami Beach, FL -- (SBWIRE) -- 08/12/2021 -- The national average for homes for sale dropped 33.5% year over year in July, and while inventory is much lower than it was at this time in 2020, the decline rate seems to be on the mend even as it concerns affordable prices. A continuation of this trend means relief could be on its way for people looking to purchase versus rent.
Another option to explore when considering purchasing is a condo. Continuum in South Beach offers home-buyers all the pros of owning your own property without the hassle of maintenance and the added benefit of being on the beach. Our resort-style oceanfront condominium is located on the southernmost tip of Miami Beach, and the Continuum south tower for sale comes with stunning views. There are twelve acres of lawn, plus amenities like two pools, tennis courts, and 24-hour security. Condo living is one of the best options for first-time buyers who do not need large spaces, want to be close to the city's action, but still want the satisfaction of owning their own home.
Call us today to learn more about our community at 305.306.6302.