Zillow Says 60 Days on Market Is the New Normal. But Not in Pembroke Pines / Miramar
If you’ve read the latest housing headlines, you’ve probably seen some conflicting takes. And when you zoom out, it makes sense as to why: A new Zillow report found that, in half of the country’s largest metros, home values rose over the past year. In the other half, they fell. So today, we’re breaking down what’s happening nationally, and more importantly, how it compares to what we’re seeing here in Pembroke Pines / Miramar zip code 33027. National Market Trends At the national level, home values have barely moved, rising just 0.2% over the past year. Home values rose in 25 major markets, mostly in the Midwest and Northeast. Cleveland (+4.7%) and Hartford (+4.5%) led the pack. Home values fell in 25 markets, especially in the South and West. Tampa (-6.2%), Austin (-6%), and Miami (-4.6%) saw the steepest declines. Aside from home prices, here’s what’s happening across the country: Sellers cut prices on 27.4% of listings, the highest rate since tracking began i...