It’s still the right time to buy!

For a couple of years now I have been saying the time is right to buy. Many heeded the advice and did just that. As a result, those who did; today are a bit richer. It has been no secret that the real estate market in South Florida was poised to make a comeback. Many foreign Buyers flocked to Miami and took advantage of once in a lifetime opportunities.

Today, Miami continues to be a hot market and Buyers are buying it up. Inventory levels, which at one time seemed like they were going to hunt us forever; are now at their lowest ever.  This condition has been driving prices up and has created positive appreciation for those who bought as early as two years ago.

It is still not too late, although higher; prices are still way below their 2005 peak. I don’t expect them to reach those highs anytime soon; however, prices will gradually continue to rise.