Buying or selling a home in South Gables this spring?

Real estate is a hyper-local phenomenon. 

Having a clear understanding of the latest market trends in South Gables equips you with the knowledge necessary to make informed decisions that keep you from overpaying for a home or having your home sit on the market indefinitely. 

Our easy-to-understand market report breaks down the most important information in South Gables, so you know exactly how YOUR market is doing.

For market reports in other zip codes of Coral Gables click here.

*South Gables = 33133, 33143, 33156 & 33158 zip codes of Coral Gables 

South Gables
Single Family Homes


Is it a Buyer's Market
or a Seller's Market?

The Absorption Rate is the key indicator for knowing if it's a Buyer's Market or a Seller's Market.

The Absorption Rate is the amount of time it would take to sell all of the current listings at the current selling rate if no more homes were listed for sale.

It is calculated by dividing the average number of homes sold over the last six months by the total number of homes listed for sale at the end of the month.

The graph below breaks down the absorption rates for all single-family homes in South Gables by price bands and demonstrates how the different price segments of the single-family homes market in South Gables have performed over the last six months.

Typically, a Seller's Market has less than six months of supply, while more than six months indicates a Buyer's Market.

The market for single-family homes in South Gables is currently an Extreme Buyer's Market with 13.5 months of inventory.

That means that, generally-speaking, buyers have more negotiating leverage than sellers at this time.

A buyer who is aware that it's a Buyer's Market not only has more homes to choose from, she may also be in a position to offer less for a home or request additional items in her offer, such as seller concessions or repairs completed by the seller.

A seller who is aware that it's a Buyer's Market may price her home slightly below the recent comparable sales to avoid having her home sit on the market indefinitely and ultimately sell for less than what she could have sold for.


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Coral Gables Real Estate Market Report

This easy-to-understand real estate market report breaks down the most important information for single-family homes in Coral Gables.

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