{"id":1422,"date":"2007-08-29T22:45:36","date_gmt":"2007-08-30T02:45:36","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/2007\/08\/29\/how-much-of-a-buyers-market-are-we-in-exactly-take-a-look-at-the-numbers\/"},"modified":"2019-04-23T20:58:31","modified_gmt":"2019-04-23T20:58:31","slug":"how-much-of-a-buyers-market-are-we-in-exactly-take-a-look-at-the-numbers","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/how-much-of-a-buyers-market-are-we-in-exactly-take-a-look-at-the-numbers\/","title":{"rendered":"How much of a buyer's market are we in exactly? Take a look at the numbers…"},"content":{"rendered":"

<\/a>I work primarily with buyers, and the number one thing I have been hearing lately is, “When exactly should I buy to get take full advantage of this buyer’s market? How will I know it’s time?”<\/p>\n

<\/a>As the president of our company, Ron Shuffield, so eloquently put during a recent meeting:<\/p>\n

“We will not know the best time until it has passed and prices begin to rise.”<\/p>\n

At that point buyers will have missed the boat as sellers begin to raise prices.<\/p>\n

One of Mr. Shuffield’s favorite real estate tools is a program that tracks data and gives EWM agents precise numbers and market trend graphs.<\/p>\n

This program produces graphs that show inventory (homes on the market) versus sales (closed real estate transactions). The graphs that we have access to show a 15 month span on one report.<\/p>\n

This may seem like a long enough span to get a good picture of what the market has done, but as I looked back 28 months to the absolute peak of our seller’s market, I realized all graphs (not just on our program) with a wide range of data have to adjust the size of the bars so all the bars fit on the report – regardless of the difference in numbers.<\/p>\n

Suddenly, I understood why although the numbers made a huge impression on me, the graphs didn’t seem to reflect the activity in the market.<\/p>\n

I took all the data from April 2005 ( month of lowest inventory with high sales) to August 2008 (latest market data) and produced a graph that shows the bars on the graph in proportion<\/strong><\/em> to the activity in the market.<\/p>\n

\"graph-for-blog.jpg\"<\/a><\/p>\n

In my eyes, the savvy buyers are the ones taking advantage of high seller competition and concessions. As any stockbroker would tell you, buy low.<\/p>\n

If you could go back in time and buy real estate after the Great Depression, or buy in the boondocks that is now Doral, or in Homestead right after hurricane Andrew – wouldn’t you?<\/p>\n

Hindsight’s 20\/20…<\/p>\n

To all those who are asking:<\/p>\n

Now is the time.<\/p>\n

For those of you interested in the exact numbers, inventory increased 487% from April of 2005 to June of 2007.<\/p>\n

\"numbers-for-blog.jpg\"<\/a><\/p>\n

If you would like a detailed analysis of your neighborhood, feel free to contact me at 786-663-4382.<\/p>\n

Paula Barrera, Realtor<\/p>\n

786-663-4382<\/p>\n

paula@greatmiamihomes.com<\/a><\/p>\n

The Congdon Connection – EWM Realtors<\/p>\n

www.OwnMiami.com<\/a><\/p>\n

www.MiamiGatedCommunities.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I work primarily with buyers, and the number one thing I have been hearing lately is, “When exactly should I buy to get take full advantage of this buyer’s market? How will I know it’s time?” As the president of our company, Ron Shuffield, so eloquently put during a recent meeting: “We will not know<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":5575,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"\nHow much of a buyer's market are we in exactly? Take a look at the numbers... - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/how-much-of-a-buyers-market-are-we-in-exactly-take-a-look-at-the-numbers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How much of a buyer's market are we in exactly? Take a look at the numbers... - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"I work primarily with buyers, and the number one thing I have been hearing lately is, “When exactly should I buy to get take full advantage of this buyer’s market? How will I know it’s time?” As the president of our company, Ron Shuffield, so eloquently put during a recent meeting: “We will not knowRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/how-much-of-a-buyers-market-are-we-in-exactly-take-a-look-at-the-numbers\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2007-08-30T02:45:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-23T20:58:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paula Barrera\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paula Barrera\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/how-much-of-a-buyers-market-are-we-in-exactly-take-a-look-at-the-numbers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/how-much-of-a-buyers-market-are-we-in-exactly-take-a-look-at-the-numbers\/\"},\"author\":{\"name\":\"Paula Barrera\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/05a03943956b3da5194dbb312e18a8a9\"},\"headline\":\"How much of a buyer's market are we in exactly? 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