COCONUT GROVE MARKET INVENTORY DOWN - NOW IS TIME TO LIST

The Cherry Group, Coconut Grove's Expert Realtors, recommends listing now while home inventory is down over 20 percent over last year and interest rates are under 4.5% for a 30 year mortgage. In Coconut Grove, the week ending May 21, 12 homes were listed with an average listing price of $993,944 and the week ending May 28, 11 homes came on the market - average listing price $978,517. We see fewer price adjustments as sellers are listening to their Realtors and pricing right to sell within 90 days. Last week, there were only 6 price reductions, compared to 33 the same time last year. The Cherry Group will be happy to visit to share a pricing analysis of your home. In Coconut Grove, where we're so lucky to live and to work, please call us at 305.607.8360.