The inventory levels in Sarasota County continued their material rise in January. The strong seller’s market is very much a thing of the past as we head into peak season for the year. While the market is still largely in balance, buyers have more leverage than at any time in the past several years. It is definitely pointing to a buying opportunity, which may be why we are seeing such a high percentage of cash sales in the county. See the infographic from Florida Realtors below for more.
It was good to see new listings rise faster than closed sales in Manatee County in January. Further, with the percentage of sales being all cash dropping, the market continues to look very reasonable for both buyers and sellers. I expect the normal pickup in sales activity for the next three months as we are in peak season. With balanced negotiating leverage, it should be a very positive 2024 peak sales season in Manatee County. See the infographic from Florida Realtors below for more.
As we don’t buy a home very often, it is easy to miss the consideration of some of the costs associated with the transaction. Florida Realtors has put together the infographic below to help.
The snowbird lifestyle, traditionally popular among retirees, has expanded its appeal in the post-pandemic era, thanks to the rise of full-time remote work. This shift allows individuals of various ages to divide their time between two different cities or locales, typically seeking warmer climates during the winter months, especially for those residing in the northern parts of the country.
Buying a home can be a stressful experience, and it can be even more so when you are working with a builder on a new construction project. Florida Realtors has put together the infographic below regarding items to think about before choosing a homebuilder. Based on my experience, utilizing a real estate professional for new construction can be even more important than when buying an existing home. The amount of interaction I have had with home builders to help give my clients (and the builders) peace of mind has been massive over the years.
