Pending sales currently in the Dr Phillips for residential homes are 52 which is about the norm for this area during this time of year in Jan 2023, along with 94 active listings. As per the graph in the Dr Phillips area, the sold versus listing price ratio's spiked to 100% just right after the pandemic started February 2021, fluttered 99-100% through Dec 2021 and held at 100% through August 2022. This shows the listing agents performed a top notch job by listing homes at the right price. This area has been holding solid due to the lifestyle living is here with so much to offer such as golf courses, recreational boating, Shopping, restaurants, Disney Theme Parks minutes away and so much family entertainment to enjoy.
Pending sales fell drastically in the third quarter in 2021 drastically and rapidly through the month of January 2023.
Nationally in our country the housing market is showing early signs of comeback for a first time since the pandemic. As interest rates continue to rise, sellers continue to wheel and deal with equity in their homes contribute concession to the buyers and close the deal. Lenders showing flexibility on variable rates and creative lending within government guidelines to get buyers into homes. Click link to learn more about economic slowdown /ECONOMIC-SLOWDOWN---32819---32836---Dr-Phillips-6-22903.html
Redfin reports to seeing more homes go under contract in January 2023 than the entire fourth quarter. This is largely due to rising rents as well. Click link to learn more about rising rent /RISING-RENT---32819---32836---Dr-Phillips-6-23431.html
Also inflation had a lot to do with families relocating and adjusting to the economy click link to see more about inflation /INFLATION---32819---32836---Dr-Phillips-6-22829.html
The federal reserves moves since June 2022 to spike historical interest rates through the end of 2022 has caused economic uncertainty to slow down the economy for our country. Click link to learn more about economic uncertainty /ECONOMIC-UNCERTAINTY---32819---32836---Dr-Phillips-6-23494.html
Within these measures it is very important to have a trusted advisor steering you in the right direction when it comes to the purchase or sale of your home.
As a trusted advisor, professional realtor and military veteran I am here to serve you and always on the pulse of the housing market for the Dr Phillips and Central Florida area. Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. In the absence of trustworthy up to date information, real estate decisions are increasingly being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decision. So don't let this shifting housing market delay your dreams, date reveals home values typically appreciate over time and that gives your net worth a nice boost. If you are ready to start your journey contact me today at 850 496-6412 to help begin a new walk to homeownership and all of your real estate needs.