The tides are turning my friends! March brings an increase in closed sales and pending properties for the second month in a row in Central Florida. Buyers are finally starting to see what we have been trying to tell them the past few months. NOW is the time to buy. As the average interest rate increases and the number of sales increase, price will gradually start to increase as well.
It is already the case that fewer homes are coming on the market, and the statistics show that the newer inventory is what is selling. So if you are going to make a move, don’t wait around. In the last few months, we have had two buyers loose out on great properties because they incorrectly assumed that the market was dead and no other buyer would be interested in the same property. We have been involved in at least three transactions since the beginning of the year where there were multiple offers on the same property, and one property received four offers at the same time.
The moral of the story is that the best deals are moving fast and this market is not going to last forever. If you, like a lot of the buyer out there, are waiting for “the bottom” you better make a move before you miss it. You have been warned!
0 Responses to “The Tides Are Turning…”