The infographic below contains packing tips to help your next move go smoother from Dwellsy via Florida Realtors.
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Packing Tips
Tag: home buying
It is good to see home inventory trending up in Sarasota County when compared to last year. That said, much of the inventory is showing a little age as new listings were actually down in July. The volume of transactions continues to be a challenge as the relatively tight inventory and moderate demand are both keeping activity low. Prices have largely stabilized after a significant run-up; however, it wouldn’t surprise me to see significant price movement again this winter during our peak transaction season. See the infographic below from Florida Realtors for more details.
The single-family home market in Manatee County hasn’t shown much change in the last few months. We continue to have less inventory than we would like, which is keeping closed sales relatively low. That said, demand isn’t where it was during the peak post-COVID times, so prices have largely stabilized. At this time, I continue to believe that your leverage is reasonable whether you are a buyer or a seller. As we head into our busier season in the next quarter, the market could still take a turn favoring buyers or sellers. See the infographic below from Florida Realtors for more details.
The National Association of Realtors® reported on July U.S. home sales this week. The information below is based on a subset of its reporting. For the full report, click here.
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Reducing Mortgage Costs
Home affordability poses a significant challenge, with 60% of U.S. cities experiencing home price increases in the second quarter, as indicated by data from the National Association of REALTORS®. The median monthly mortgage payment for a typical existing single-family home stands at over $2,200, factoring in recent average mortgage rates.