Tag: home selling

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Home Buying Home Prices Home Selling Real Estate

Manatee SFH Market Update

September ended up being a solid month for closed sales of single-family homes in Manatee County. It has been a long time since we saw YoY growth of transactions as high as 47%. That said, it doesn’t mean that the seller’s market is back. Rather, balance still rules the day. It looks like we are continuing to see steady inventory growth as we are heading into our busy season in Florida. As long as that holds, it is shaping up to be a reasonable time to be either a buyer or seller in Manatee through Q4 23 and Q1 24. The infographic below from Florida Realtors has more details.

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Home Buying Home Prices Home Selling Real Estate

Existing Home Sales in Florida

In 2023, the performance of existing single-family home sales in Florida has generally fallen short of the pre-pandemic transaction levels. Furthermore, throughout the year until August, Florida’s 2023 real estate transactions lagged behind those of 2022, though they have been gradually catching up. Notably, in September, closed sales of single-family homes experienced their first year-over-year increase in 2023, rising by over 6%.

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Home Buying Home Selling Mortgages Real Estate

Mortgage Rate Trends

Mortgage interest rates have trended up over the last 30 days. The recent change will cost new borrowers about $26 per month for every $100,000 borrowed. Average U.S. interest rates for 30-year fixed rate mortgages were at 7.57% as of this week. Last month at this time, they were sitting at 7.18%.

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Home Buying Home Selling Real Estate

Real Estate Compensation

I know agent compensation for real estate transactions is a question that many people think about when it is time to buy or sell a home. The National Association of Realtors has created this helpful video to explain how it works.

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Home Selling Real Estate

Staging Your Home

From my experience, staging your home for sale can make a dramatic difference in the selling process. If nothing else, properly staging for pictures will attract more traffic even if you have to move items out prior to contracting for sale. The infographic from Florida Realtors below provides more insight.