From my experience, staging your home for sale can make a dramatic difference in the selling process. If nothing else, properly staging for pictures will attract more traffic even if you have to move items out prior to contracting for sale. The infographic from Florida Realtors below provides more insight.
August was rather uneventful for single-family home sales in Manatee County. While closed transactions were up YoY, pending transactions were down. All that led to rather flat results in terms of both price and inventory across the county when compared to August of 2022. Overall, I continue to be pleased with the market overall as the balance between buyers and sellers is reasonable. The ultimate question is still around what the market will look like as we head into our busy season in a few months.
The infographic below contains packing tips to help your next move go smoother from Dwellsy via Florida Realtors.
The single-family home market in Manatee County hasn’t shown much change in the last few months. We continue to have less inventory than we would like, which is keeping closed sales relatively low. That said, demand isn’t where it was during the peak post-COVID times, so prices have largely stabilized. At this time, I continue to believe that your leverage is reasonable whether you are a buyer or a seller. As we head into our busier season in the next quarter, the market could still take a turn favoring buyers or sellers. See the infographic below from Florida Realtors for more details.
Homebuilder confidence experienced its first decline this year in August, reflecting the challenges posed by a 7% mortgage rate and dwindling housing affordability. The recent report from the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) revealed a 6-point drop in builder confidence from July, resulting in a reading of 50.