Are you a homeowner looking to sell your house in Miami? Well, you might need to exercise some extra patience in 2024. The real estate market has seen a significant shift, with almost two-thirds of homes for sale in June remaining on the market for at least 30 days without going under contract. According to data from real estate brokerage firm Redfin, 64.7% of homes are struggling to find buyers, compared to 59.6% during the same month last year.
This trend indicates that less desirable homes are lingering on the market for longer periods, making it challenging for sellers to close deals swiftly. As a homeowner, it’s crucial to understand the factors influencing this slowdown and take proactive steps to make your property more attractive to potential buyers.