The market for single-family homes in Manatee continued its movement towards a buyer’s market in February as new listings outpaced closed sales almost two to one. That said, we are not there yet. The median sales price continues to hold strong and overall inventory is at less than five months of sales. It remains a good time to be on either side of a transaction. The infographic below from Florida Realtors contains more information.
For those of us living in Florida, we know that property insurance rate increases have been a real problem. Florida Realtors has put together the infographic below that shows there may be signs of improvement on the way.
Homebuyers might want to temper their expectations for significant declines in mortgage rates as the spring housing season commences. The inflation rate increased to 3.2% year-over-year in February, as highlighted in the latest consumer price index report. This marks the third consecutive month of rising inflation rates, diverging further from the U.S. Federal Reserve’s 2% target.
The infographic below from Florida Realtors highlights how real estate professionals will help make your home sale go easier.
To successfully navigate your home-buying journey, I recommend that you adopt a balanced approach of being thoughtful yet decisive in today’s market. The list below reflects some of the main points of that balance.