Found 4 blog entries tagged as fsbo.

by Karen Williams-deCastro- Realtor®, C2EX, RSPS, GRI, SRS, ABR, SFR, AHWD

ALL BUYERS AND SELLERS in Monroe County, Florida. I am here with an exciting real estate market update for June 2023 for Florida Keys SINGLE FAMILY HOMES for sale! 

 Did you know that currently there are only 5.66 Months Supply of Inventory? Now you do! So what does that mean? That means the market is hot, and properties are moving fast!⚡️ But that's not all, over the last 12 months, Months Supply of Inventory has increased by an impressive +77.43%!

 If you're selling, you'll be delighted to hear that the List to Sold Price percentage is a fantastic 95.2%! This means you can expect to get great value for your property when working with me as your REALTOR®.

 

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 Florida Keys Real Estate Market Update

Good news for home seekers and investors in the Florida Keys!  Despite an increase in available properties and longer days on the market compared to last year, homes are still selling swiftly when priced appropriately. 

When priced right, properties are attracting eager buyers, leading to quick and successful sales. So, if you're a seller, partnering with a knowledgeable realtor who understands the local market is crucial to ensure your property is competitively priced. 

It's essential to be cautious when setting your listing price. Homes not priced correctly may experience more negotiations, with buyers being able to secure an average discount of about 92% off the original…

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May numbers are in! As of June 1st: Median sold price continues to increase. Month over month May saw a decrease of average days on market and a slight uptick in the original list price to sold price ratio. Our absorption rate is now over 6mo of inventory. While we are fully back in a neutral market in the Keys, homeowners and buyers should feel good about home values holding steady. *Oh, by the way ... I can help connect you with great Realtors anywhere in North America! I'm never too busy for referrals!  Erin Kiel REALTOR® GRI, AHWD, C2EX Better Homes and Gardens Real Estate Destinations

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by Karen Williams-deCastro- Realtor®, C2EX, RSPS, GRI, SRS, ABR, SFR, AHWD

Last year, one factor drove the real estate market more than any other: rising mortgage rates.


In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly.


Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately lead to a more stable and balanced real estate market.


So what can we expect in…

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