Real Estate Market UpdatePosted on 09/27/14
The RE/MAX National Housing Report numbers are in and overall these statistics indicate a more stabilized growth pattern. It is true, August homes sales remained lower than the previously set pace in 2013, but the median home sales prices has increased, days on the market have dropped and inventory is on the rise. What does this mean for the recovery process as a whole? Well, real estate conditions are reaching a more measured and stable place.
On a more buyer-specific level, the current state of the market could entice you to move quickly if you have found a home for sale in Destin that you love. Prices are still affordable, inventory is relatively steady, but homes are selling quickly with an average of 62 days on the market.
This is good news if you are interested in listing your property. These numbers show that homes continue to move through the market which appears to be full of motivated buyers. The overall take-away for sellers remains the fact that prices are on the rise and it is likely that your home’s value as appreciated.
Are you ready to buy or sell? Consider hiring a local RE/MAX agent in Destin to help guide you in the right direction.