Lee County Florida home prices have been flat for 2 years and nobody seems to notice. Take a look at the graph below and we’ll explain why this may be good news going forward.
Some parts of the country are experiencing multiple offers on each home and others have experienced a shift as homes are taking longer to sell. In the end, it comes down to affordability on each locale. As home prices rise, together with interest rates, it affects affordability.
We’ve caught a break with interest rates. With rates down around 4% it means home buyers can pay more for a home and less to the bank. It props them up into a higher purchasing bracket on affordability alone.
As homes go up in value, they can be susceptible to fall if the economy or interest rates rise. The silver lining to all this is because prices didn’t increase here over the last two plus years, they may not have to fall either if or when the economy changes. We’ve got a strong economy now, but with trade wars and potential military conflicts around the world, you never know what can tilt the scales.
If the economy continues to roar along, the Lee County Florida housing market could eventually have some upside. Inventory has been growing, so we’re not seeing upward price pressure now. Obviously, the price range you’re looking in can have different inventory levels than another price range.
It pays to consult a Realtor before purchasing. A Realtor can not only guide you through the process, but they can also advise you on things that can affect your resale ability later when you need to sell.
Because we work with a lot of buyers each year, our agents are on the front lines with buyer’s concerns. Buyers do not want to make a mistake. Working with an agent that understands what other buyers are concerned about may help you in your decision. We know what future objections will be for your home and if you should pay less because of that.
The last thing you want to do is overpay for a home now that you’ll have to take less for down the road when you decide to sell. Talk to one of our experienced buyer agents on the Ellis Team at Keller Williams Realty 239-489-4042 and you’ll see what we’re talking about. Or, you can search the MLS like a pro for Free at www.LeeCountyOnline.com
If you’re selling, you need a Realtor that listens to what your goals are and has solutions to help you attain them. Anybody can give your house away. A great Realtor prices the home at market value and then markets it. By the way, marketing is not simply putting a sign out in the yard and placing it on hundreds of various websites. Anybody can do that. Marketing is so much more, and very few Realtors do it. Lee County Florida home sales were down 6.8% in April, so marketing matters.
If you’re thinking of selling, or maybe you tried to sell and it didn’t work out, give Sande or Brett Ellis a call at 239-489-4042 Ext 4. We’ll show you how to price it at market and get Top Dollar because it was marketed correctly. There is a difference. All Realtors do not work the same!
Find out what your home is worth for Free at www.SWFLhomevalues.com then call us to talk about strategies. We love it when a plan comes together! We’ll help you with your plan.
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Good luck and Happy House Hunting!