The perceived momentum from falling mortgage rates could be offset by the reduction of unsold housing inventory. A new report from real estate analytics firm Altos Research noted that Florida’s supply of available homes is trending downward at a notable rate.
Altos Founder and President Mike Simonsen writes that in Florida, “inventory seems to have peaked for the season and is slowly inching down.”
“Inventory growth is slower than last year,” Simonsen adds. “This has implications for pricing, and for buyer competition and for transaction volume in the 4th quarter and in 2025.”
In the extremely tight Coral Gables market, Merrick Manor’s final four available condominiums could be the last of their kind for at least the next few years. Those who move quickly will be rewarded in the long run, as the City Beautiful is known for home value appreciation over time.
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit our Model Residence 527 on the at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. Open from 11 a.m. to 5 p.m. on Monday through Friday and weekends by appointment.
