Categories
Home Buying Home Prices Home Selling Real Estate

Manatee County Market Update

The single-family home market in Manatee County is continuing to move in a healthy direction. Both inventory and sales volume are up over 10% year-on-year. With inventory rising somewhat quicker than sales, we are in a position of having inventory at over three months of sales. As we are in our busy season, it couldn’t come at a better time. The market still favors sellers a bit, but it is balanced enough to give both buyers and sellers negotiating leverage. The infographic below from Florida Realtors gives more details.

Categories
Home Buying Real Estate

Your Home Buying Advocate

Buying a home is generally one of the most significant investments people ever make. The National Association of Realtors put the infographic below together to help everyone understand how real estate agents advocate your interests in home purchases.

Categories
Home Buying Home Decor Home Selling Real Estate

2024 Home Improvement Trends to Watch

As we adapt to the new mortgage interest rate landscape in 2024, it’s anticipated that many homeowners will focus on renovating their existing homes. This approach allows them to retain their low mortgage rates while enhancing the comfort, livability, and convenience of their properties. Below are key home improvement trends to watch for in 2024:

In-Law Suites: With the trend of not purchasing larger homes, adding spaces for in-laws, adult children, or even nannies is gaining momentum. Homeowners are exploring various options such as accessory dwelling units (ADUs), guest houses, or garage apartments to expand their living spaces.

Categories
Home Buying Real Estate

Using a Realtor for Homebuying

The infographic below from Florida Realtors does a nice job of laying out why utilizing a real estate agent will make your next home purchase easier. With over a decade of helping people buy and sell homes, one thing I can say for certain is that the process isn’t cookie-cutter. Every transaction brings its own twists and turns, so working with someone that can navigate through those turns makes a difference.

Categories
Home Buying Home Selling Real Estate

Sarasota SFH Market Update

The story in Sarasota County was about listings in November. As sellers are getting more comfortable putting their homes on the market, transactions are ramping up heading into our busy season in Florida. With roughly five months of inventory on the market at November’s sales pace, it is a better time to buy than we have seen in a long time. That said, six months of inventory is generally considered market balance, so sellers aren’t yet in a challenging position. Rather, negotiating leverage should be good for both parties this winter. The infographic from Florida Realtors below has more detail.