Home Real Estate What is going on in the SWFL real estate market?

What is going on in the SWFL real estate market?

by The 100 Companies

NABOR has roughly 1,000 more listings at the end of June than they did a year ago. Despite this increase, our inventory is still low compared to historical levels.

It is still a seller’s market, but we are seeing fewer multiple offers and bidding wars as the frenzy dies down. Over 90% of the price changes these days are price decreases. Also, there are still some buyers that are walking away from a fully executed sales contract for various reasons (financing, appraisal, buyer’s remorse, etc.).

If you lost out on an offer, putting in a backup offer might make sense.

– Mike Hughes, Downing-Frye Realty, Inc.

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