Tag: home selling

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Home Buying Home Selling Real Estate

Manatee County Single-Family Home Market Update

The market in Manatee County appears to have settled in at a relatively balanced place for now. Although there is still less than 4 months of inventory available, it is more than double what we had a year ago. Buyers and sellers are both in a position to negotiate to get balanced deals in today’s market. I tend to like these markets as real estate professionals can truly make a difference for their clients for both home buyers and home sellers. The infographic from Florida Realtors below has more detail on the market through June.

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Home Selling Real Estate

Home Selling Tips

Here are some tips from Real Simple and Florida Realtors on how to sell your home more quickly. With inventories higher than we have seen in a while, putting your best foot forward is important when trying to sell your home.

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Home Buying Home Prices Real Estate

Sarasota County Single-Family Home Market Update

While there is a little more market movement in Sarasota County than Manatee County, the overall story is pretty consistent between both counties. Inventories are up, but not enough to swing us to a buyer’s market. Instead, balance rules the day. That said, at the current rate of change, we may be calling another buyers’ market before the next peak season in Sarasota. Now is a good time to be on either side of a transaction as there is some leverage to be had by both sides.

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Home Buying Home Selling Real Estate

Manatee County Single-Family Home Market Update

Given how much inventory has risen year over year (almost 70%), it is surprising how much everything else in the market has stayed virtually constant. Sales volume, pricing, and cash sales as a percent of total sales re almost unchanged, inventory has risen from less than 2 months of sales to more than 3 months of sales. So, what does it all mean? Well, the market still favors sellers to some degree, but homes are now on the market for a more reasonable amount of time. Also, homes that have no business selling at the initial asking price are generally not selling at or above that price. I tend to prefer this type of market as there is some level of negotiating leverage no matter whether I am representing buyers or sellers. See the infographic below for more information from Florida Realtors.

Categories
Home Buying Home Selling Real Estate

Looking Ahead

Experts’ opinions diverge on the trajectory of the housing market in the latter half of the year. While some anticipate improvement, others remain cautious about its prospects. Real estate analysts highlight several factors that could influence the market in the second half of 2024.

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