Sentiment is down, does that mean the prospect of higher returns is up?
According to a recent Gallup poll, real estate remains a top investment choice for Americans, although its popularity has decreased to a five-year low. In April, 34% of respondents selected real estate as the best place to invest their money, out of options including stocks, bonds, gold, and savings accounts. This poll has consistently ranked real estate as the preferred investment for the past decade.
While new listings remain relatively low, the market for single-family homes in Manatee County is continuing to be very healthy. We are getting a mixed bag of signals in the transaction data, which continues to indicate that neither buyers or sellers have a significant advantage in negotiating power. For example, while home sales are down YoY, the median sales price is up significantly. Another set of offsetting data is that while cash sales are down YoY, new listings are also down. As long as we have some statistics that lean towards a buyer’s market and others leading to a seller’s market, we are likely to continue to see market balance in Manatee. See the below infographic from Florida Realtors for more information.
The infographic below lists advice from Florida Realtors regarding lesser-known financing options.
The market for single-family homes in Manatee County is continuing to shift. For the first time in quite a while, we are seeing growth in YoY transactions. Strangely enough, the increased transactions are coupled with a reduction in median sales price. The median sales price has been defying gravity for well over a year by just going up and up regardless of the number of homes sold. Despite the shifts in narrative in sales and sale price, the market continues to be very healthy. See the infographic from Florida Realtors below for more details.
The infographic below contains advise from Florida Realtors on how to ensure out-of-country buyers can ensure a successful Florida transaction.
