Florida’s real estate market for single-family homes and condominiums is experiencing a slowdown in sales and a dip in prices. However, this is not indicative of a market crash to date. The current conditions follow the post-COVID housing surge, which drove demand and prices sharply upward, pricing out many would-be buyers.
Even in buyer’s markets, you can find yourself in a competitive process to purchase the house you love. It’s important to consider how to put your best foot forward to make your offer the winning one. The infographic below from Florida Realtors lists several tips to help you get into your next home.
Single-family home activity in Sarasota County mirrored the activity in Manatee County more closely in April than I have seen in a long time. The year-on-year change in Sarasota County roughly matched Manatee County across the board. It looks like this summer will continue to be a solid time to buy in Sarasota County as buyers should have a bit more leverage than sellers as long as the current market conditions hold. The infographic below, from Florida Realtors, contains more information.
Mortgage interest rates have remained steady over the past 30 days. As of this week, the average U.S. interest rate for 30-year fixed-rate mortgages is 6.81%, virtually unchanged from 6.83% a month ago. However, predictions for future interest rate movements are still uncertain.
The infographic below from Florida Realtors provides a pretty comprehensive list of financing options available for your next home.
