Zillow is reporting an extraordinarily low number of homes for sale on its platform (see chart below).
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What Inventory?
Tag: realtor
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Real Estate “Comps”
Any cursory look at the real estate market will show the dramatic change we have seen recently in housing prices. In fact, many of us can find out what is happening in our areas without the use of a real estate pro. However, when it gets down to valuing your specific home, a real estate pro will use their comparables tools to get much more precise. See the helpful infographic below from Florida Realtors.
According to CoreLogic, Florida has shown the 2nd highest year on year home price appreciation amongst U.S. states. It trails only Arizona (28.3% vs 27.9%) based on the most recent data. See the graph below for the results by state.
The infographic below shows the latest results for single-family home sales in Sarasota County. Like Manatee, the current challenge that is the most difficult is the active inventory level (which is way too low).
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Home Buying Thoughts
The following chart from Florida Realtors shows some typical home buying costs you may not have thought about. Let me know if you have any questions.
