It’s season again and it’s not uncommon for listings to rise during season which is usually a good thing except for those sellers that decide to “Test” the market. There’s an old saying that goes “If your home is over the market it isn’t really on the market.” Perception Vs Reality in the SW Florida… Continue reading
Back in the spring we sounded alarms that due to rising interest rates and rising prices buyers on the fence should seriously consider purchasing sooner rather than later. On July 5th we posted a graph on our Blog “What Do Buyers and Sellers Need to Know About Rising Interest Rates?” Back then we shared a… Continue reading
A few weeks ago we did a story called “Riding Low” about real estate listing inventory falling is SW Florida. We had May data to work with and at that time listings were lower than they were all last year and we speculated based upon pending sales they would most likely go lower when June… Continue reading
Lately we’ve been focusing on the local real estate market as we know all real estate is local. However, sometimes the national market helps us spot trends that may affect us in the future. National Housing Market Update. When Northern markets have struggled in past years it made it difficult for some buyers to purchase down… Continue reading
The past few weeks we’ve gone on several listing appointments. We’ve got some great new listings coming to the market in the next few weeks by the way, so stay tuned. We don’t take every listing for a variety of reasons. Sometimes the seller is upside down on the mortgage and they don’t want to… Continue reading
More than 4.7 million homeowners lost their homes to foreclosure or short sale since 2007 nationwide and they’re not taking it anymore. What are they doing about it? They’re buying again, and they’re buoying the housing market from coast to coast. Boomerang Buyers Heating Up the Housing Market! SW Florida certainly saw its share of… Continue reading
Every day it seems I hear agents and buyers alike complain there just aren’t any listings on the market. If you’re an agent without listings or a buyer who can’t find anything that matches your criteria it certainly does feel that way, but sometimes feelings and reality don’t always match. Take the SW Florida real… Continue reading
Official sales numbers are out for December and by all accounts the market looks in pretty good shape. Now that we have 12 months of data we can calculate year end sales numbers. I will say upfront my calculations differ from the Board of Realtors numbers. We’re both using the same numbers so I have… Continue reading
Sellers around SW Florida should be happy. Actually buyers should be too, which is a rare thing indeed. Official numbers weren’t released as scheduled due to the holiday week, so we ran our own numbers which should be pretty close. Once official numbers are out we’ll revise our charts to reflect official data, but in… Continue reading
Sales volume has slipped this year primarily because inventory levels are down. However, we have noticed a slight trend in the past few months worth noting. Inventory levels actually rose in September for single family homes, albeit only 5 homes which is rather insignificant. Because sales are less, it did raise the standing inventory to… Continue reading