Miami sellers pull homes from the market faster than anywhere in America

In the hot housing market in Miami, the sellers do not escape – they stop until the fall.

“This is not necessarily bad,” Diggas Eleman and Administrative Director Joe Azar told Fox News Digital. “It is a natural course for the market because the stock may be tightened. So, if homeowners remove their properties from the market, it may actually create more urgent.”

according to Housing Report in July from RealTor.comMiami homes start from the market faster than anywhere in the country. Instead of lowering prices, the sellers completely withdraw their lists.

Miami is now the highest percentage of deletion to new lists in the United States – 59 per 100, an increase of 27 per 100 in May.

Is it still possessing the American dream house? Why do the Americans choose the oldest rent?

Although some may assume that this means that the Miami market shows signs of cooling, Azar argues that it is part of the summer slowdown mixed with the anticipation of prices and indicators about the new construction and the old stock.

“Many of the customers I am talking to were usually going to the market in October, November, which is quoted from our crowded season here in South Florida,” Azar said.

Azar, from Specialized in the new constructionBanners often pull the legs until the projects end – a strategic pause instead of a sign of poor demand.

“The builders we are working with do not download it due to the lack of demand, but take it off so that they can finish the completion, and the buyer can have this vision for what will be already appeared on it,” he explained.

Azar added: “Any buyer makes a commitment to millions of dollars who wants to see a final product. So builders say, you know what? We will get it out of the market for 60 to 90 days.” “But the truth is that builders want to finish the product and reach the market when it is 100 % completed.”

It is also possible that the oldest inventory will be linked to disinfection, as the real estate expert offers old apartments, old -sales homes, or owners who choose to rent or renew reasons for real estate out of the market.

Azar said: “Malcon may say, you know what, it may be better for me to rent the property instead, specifically apartment apartments.” “I spoke to Malik … worth $ 6 million in coconut, Bustan. He took it out of the market and said:” I will collect it, do some (reshape), and perhaps change the package of the devices, then we will return in October. “

What does this mean to A broader residential scene It is a healthy balance, according to the agent, as the deletion causes a shrinkage and urgency between buyers.

“If there are buyers, basically, it can help enhance interest in the specific homes that are still present in the market,” Azar said. “I think it’s normal (progress) in the market. It’s nothing specific.”

Get Fox Business on the Go by clicking here

There is also a flow from buyers New York, California, Chicago Outside as Sunshine State, tax benefits and continuing to transport companies, pay the demand.

“The growth of Florida, especially South Florida, is the reason that I am upward, if it is permissible to speak, in the market here locally in the next six months.”

Read more from Fox Business