Spoke with a gentleman last night regarding the real estate market. I take every opportunity when a conversation allows it to promote my business…. Florida real estate agent. He had heard the market had changed recently and was now a seller’s market.
Sure the Brevard County real estate market is better. The condo sales in December 2012 were up 10% over the sales price in December 2011. The residential prices are rising as well.
But it is not quite a seller’s market…yet. For sellers the prices are shifting in the right direction. For buyers, the shift in prices will impact how much house once can afford to buy.
There are still bargains out there… just fewer as inventory shrinks.
As with most things people have a tendency to take a little information and run with it...to the extreme but it won't be long.
The pendulum is swinging in the other direction and buyers know it as well as sellers. It will not be long before the increase in price. A strong sign for sellers is the recent increase in multiple offer situations.
Want to know what your local real estate market is really like?
Call a local real estate expert. In the Viera, Suntree and Rockledge, Florida real estate market, call me at 321-693-3850.