🇺🇸❤️🇮🇹 South Florida Market Stats for Palm Beach for the Month of August 2024 (Study Blog)The Palm Beach real estate market is evolving, but there’s no need for concern—change brings new opportunities!

🇺🇸❤️🇮🇹 South Florida Market Stats for Miami Dade for the Month of August 2024 (My study blog)Miami's real estate market is always buzzing, but August 2024 brings some exciting changes that savvy buyers and sellers need to know about.

Now, let's break that down…- A median single family home is $543,000 (up 2% from last year)- A median townhome is $377,000 (Down 5% from last month so appreciation has slowed down significantly here: https://tmls.stats.10kresearch.com/infoserv/s-v1/IFbq-ZfR)More quick stats:- Homes went for 1% under asking, indicative of a less competitive market typical of fall- ⅓ of homes experienced at least one price drop- Homes sat about 21 days on market- Sellers has 10 showings before going pending- There are about 3,100 homes for sale, which is up 10% over last yearWe continue to see more options to choose from, more flexibility from sellers, and cyclical dips in prices across the board.

Stat. § 452.03 states that no person may engage in or follow the business or occupation of, or advertise as a real estate broker or salesperson without a license.

Don't let them choose for you.Just inspect what you expect....Also I would talk to housing office in Memphis to get a feel of how many people are on the Section 8 waitlist, what kind of rents they pay, what zip codes are they targeting, see if they have any stats about how long tenants stay and average rent.While a lot of people try to look at google street view to get an idea of the neighborhood, there is no substitute for visiting in person.

Areas experiencing growth in population usually see a corresponding rise in housing demand.You should then delve into real estate market trends, examining aspects such as property prices, rental levels, and the average time properties stay on the market.

But it is kind of nice as it forces me to really examine all the charges.

https://www.columbusrealtors.com/clientuploads/HousingStats/...definitely a bit bullish here on appreciation. check the April housing stats. median and average price is up mid 5s.

I am wondering if anyone out there has knowledge/experience  of examining these assessments/calculations for rental properties?  

A couple things you might look at is examine your local market and see what the other like kind properties in your area have that yours doesn't.