No Comments

SEPTEMBER MARKET UPDATE

As a Realtor and Broker everywhere I go people ask me… “how’s the market?” Chris Dyer, Broker/Owner Eb Stone Realty

Check out this short video where I share my answer to this question.

Here are some additional nuggets that show the market is healthy in our neck of the woods.

  • July 2018 became the 79th month in a row that saw the Florida median sales prices for condo-townhouse properties and single-family homes rise year-over-year.

This shows our market continues to grow.

  • The median sales price for single-family homes in Florida was found to be $255,000, which is up 6.3% from 2017.

This shows our market is growing at a healthy rate.

  • Condos and townhomes were found to have a median sales price of $180,000, which is up 5.3% on last year.

This shows our market is growing from the bottom up.

  • As of Sept 12, 2018 the avg conforming interest rate is 4.78% compared to August 2017 of 3.86%

This shows our market is steady and stable – less than 5% interest rate is still historically extremely low!

And if you need a heavy hitter to convince you, here’s what Dr. Brad O’Connor, Florida Realtors Chief Economist has to say…

We are continuing to see signs that the low-inventory situation impacting the single-family home market has finally stopped getting worse, though it remains constrained…

Remember, it was the Tortoise not the Hare that won the race – constrained is a good thing.  Slow and steady will ensure a healthy cycle in our market.

Hey… if you found this helpful let me know.  And if you’ve got other questions I can answer – please comment and let me know as well.  Always a pleasure to bring you a piece of “what’s up” in the real estate world.  Chris Dyer, Eb Stone Realty

Comments (0)