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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

The Florida real estate market has shifted, and the number of active listings has increased at a much faster rate than the rest of the country over recent months. Source Inventory rises when more sellers are listing than buyers are buying. When that becomes the case, homes can sit on the market for longer and longer.

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Price Adjustments and the 2023 Market

Lamacchia Realty

Furthermore, potential sellers with covid-era mortgage rates of around 3% aren’t actually listing because it means they’d have to give up that historic rate and trade it in for one that is two to three times higher. Fewer sellers need to adjust their price because, again, it’s a seller’s market. It means they’re down.

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Price Adjustments in this New Housing Market

Lamacchia Realty

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Buyers have had more money to work with due to the low mortgage rates , and sellers who actually listed their properties were given the pick of the litter in multiple offer situations where most of the time, the homes were selling for over asking. It comes with a negative stigma for sellers to hear that a price adjustment is recommended.

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Guide To ALL Piney Point Homes For Sale

Houston Properties

The article also covers pictures and real estate trends. Aside from having one of the most expensive real estate west of Houston, Piney Point Village is the wealthiest community per capita income in Texas. A part of the Memorial Villages , Piney Point features luxury homes and grand estates. Get PDF Now.