The infographic below from Florida Realtors will help make your next move a little easier.
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Moving Tips
Tag: Sarasota County
Many people believe that selling a home during the holidays or winter is not a good idea. In Florida, however, this couldn’t be further from the truth. While it’s historically true that the spring market is typically more favorable for selling a house in most regions, Florida tends to pick up momentum around this time.
The infographic below from Florida Realtors lays out several tips you should consider before you buy.
Inventory rapidly expanded in Sarasota County in October. While increased transactions in Q1 2024 should slow down the inventory expansion, we will likely continue to see the median sales price trend down for the next month or two. Sarasota continues to be a seller’s market, but it is closer to being in balance than Manatee. Cash is still king in Sarasota as almost half of transactions in October were in cash. As with Manatee, it looks to be a reasonable time to be on either side of a transaction in Sarasota at the moment. Let’s hope it stays that way through our busy season.
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The 1% Difference
Florida Realtors has put together the infographic below that shows how monthly payments for a home purchased at the median sale price in Florida change with a 1% change in mortgage interest rates. As the swings in mortgage rate changes have narrowed in recent months, the upside of waiting for a potential mortgage rate drop has likely shrunk as well.
