FINALLY, SOME GOOD REAL ESTATE NEWS!
From my personal experience, I’ve been noticing that my listings are being shown more, and that prices seem to be stabilizing. Buyers are poking
out their heads again, that they are finding that the water is fine!
Even the National Association of Realtors is reporting that existing home sales in Florida increased in October, actually by 15% over last September. Condo sales are also up, but not so drastic, with a 5% increase over last year.
Last October’s median home price was $222,200 and this October’s median home price was $169,700. That is a 24 percent decrease in one year.
Prices had flown out of reach very quickly, and this adjustment, although painful to homeowners that now owe more on their home that it is worth, is really good news to people looking to buy.