Real estate prices are rising. At some point this will become a trend. And when the trend is documented people will likely do one of two things: (1) Take the plunge and buy now. OR (2) Climb on the fence to await an eventual market change.
Most markets, including real estate, are cyclical. Predicting the start, end or any point in a cycle is usually done by "experts" after the fact upon gathering and analyzing the data.
If you are considering purchasing a new home in the near future how will your decision be made?
Who really knows how the markets will behave in the future? Where will interest rates be? What about the inventory? What about prices?
What has the trend been in Brevard County, Florida for the past twelve months? Judge for yourself. To wait is to gamble things will be more favorable down the road. Will they be?
(The above charts represent the past 12 months of
residential activity in Brevard County as extracted from the BREVARD MLS
If you are considering buying or selling a home in Brevard County, Florida, give me a call or send me an email if I can help in any way.