The snowbird lifestyle, traditionally popular among retirees, has expanded its appeal in the post-pandemic era, thanks to the rise of full-time remote work. This shift allows individuals of various ages to divide their time between two different cities or locales, typically seeking warmer climates during the winter months, especially for those residing in the northern parts of the country.
Buying a home can be a stressful experience, and it can be even more so when you are working with a builder on a new construction project. Florida Realtors has put together the infographic below regarding items to think about before choosing a homebuilder. Based on my experience, utilizing a real estate professional for new construction can be even more important than when buying an existing home. The amount of interaction I have had with home builders to help give my clients (and the builders) peace of mind has been massive over the years.
Inventory rose much quicker than sales for single-family homes when I compare December year-on-year statistics in Sarasota County. I believe some of that rapid increase is just timing as people are putting their homes up for sale in anticipation of prime selling season in Sarasota. That said, if we see this trend for a few months, buyers will end up having material leverage in the market. Overall, the market is still healthy, but we need to keep a closer eye on Sarasota County in the short-term. See the infographic below from Florida Realtors for more information.
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.
