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Everyone
knows that in Florida, the real estate selling season never stops. In fact, as
we approach the winter months things are picking up with all the vacation
traffic heading down to Florida. With that, here is a snapshot of our latest market
statistics to give you an idea of how our marketplace is faring these days.
Pending Sales Up 12 Percent in the 3RD
Quarter of 2012
Not only is
this fantastic news, considering our relatively level market during the past
several years, but also the fact that this increase applies to both single-family
homes and the high-end market is promising. A twelve percent jump in the third
quarter this year is a great push upward and one that indicates a strong market
ahead as we move into the winter months. When comparing September this year to
the same time last year, there is a 22% increase in the number of pending
sales.
Inventory Beginning to Slide Downward
in Single Family Homes
After a
long while of fairly high inventory levels, despite a steady decline over the
past several years, once again we are seeing a sizable drop in the number of
homes available on the market. Looking at the 3rd quarter of 2011
there were 7,069 homes in inventory versus the same time last year at 6,195.
More Sellers Jumping Off the Fence
This Season
With
reduced inventory levels, many sellers are starting to list their homes again
with the holiday season around the corner hoping to capture vacationing buyers
in the area. Regardless of speculation that the election year brings temporary
spikes in consumer confidence, we expect strong sales to continue –
particularly given the jump in the number of pendings we have had recently.
If you have
been on the fence about selling your home, now is definitely the time to
consider it. We expect an influx of about 1,000 additional properties to hit
the market come January so you want to avoid that extra competition by listing
your home sooner rather than later. Keep in mind that many buyers are out there
right now, eager to purchase and settle in before the winter months hit the
rest of our nation.
We invite
you to contact us today for all your real estate needs at 239-595-8500 or email
yasmin@thesaadteam.com. We look forward to hearing from you soon!
