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Happy Holidays!
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.
It was good to see continued year on year growth in single-family home transactions in Manatee County in November. Further, as inventory grew at a slightly higher pace, the market continues to look like it is in balance heading into our busy season in Florida. It is still a reasonable time to be either a buyer or seller, but a little patience goes a long way in this market. The infographic below from Florida Realtors has more information.
As 2023 draws to a close, numerous forecasters are sharing their insights for 2024. Currently, the consensus suggests little deviation from the trends observed in 2023. However, experience has taught us that forecasts often miss the mark.
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Moving Tips
The infographic below from Florida Realtors will help make your next move a little easier.
