SW Florida Market Update November 2023. The real estate market showed signs of slowing down in November, with median sales prices and closed sales both declining from October. However, active inventory increased and median days on the market decreased, suggesting that the market may be starting to stabilize. Median Sales […]
Market Report Updates
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In a recent report released on November 10th, the National Association of Home Builders revealed a concerning trend in the real estate market for the third quarter of 2023. Home affordability has reached its lowest point in the past decade, impacting 37.4% of Americans in metropolitan areas who can afford […]
Mortgage rates are currently low, making it an ideal time for potential buyers to enter the housing market. However, with competition on the rise and inventory expected to increase over the next few months, it's important to act fast. A well-priced, move-in ready home is the most attractive to buyers and could result in bidding wars. On the other hand, sellers can benefit from the current housing market strength, as the pool of buyers may be larger than anticipated. With prices still higher than last year and increasing competition, sellers can receive a good value for their home. Whether buying or selling, Redfin offers a range of services and resources to help individuals achieve their real estate goals.