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.
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.
Florida is absolutely teeming with golf courses. It was one of the first things my family noticed when we moved here from up north. It seemed like our options were either living by the water or living on a golf course – and that was it. While there is much more variety, many neighborhoods are indeed designed around courses. I have experienced both options since moving to Florida, living by the water and on a golf course. Although we ultimately prefer the latter, it does have its downsides. Here are some pros and cons of living on a golf course based on my personal experience.
Florida Realtors has put together this great infographic on why you should make Florida your home. We have been here over a decade, and it was one of the best decisions we have made.
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.