Signs of a Hot Market in Real EstatePosted on 07/02/14
Real estate is an industry that is about your local expertise. From home types and client types to market trends, you are expected to know it all. It is true, clients expect a lot out of their hired agents, but it all has potential to benefit you in the future.
Any Northwest Florida real estate agent can anticipate a neighborhood that is currently hot, but the top ones can predict the soon-to-be hot ones. If you play your cards right and look for these now, you will be surprised to see how it can pay off in the future.
So, what are the signs of a hot market? First look for new business growth. This is not limited to big business and can include anything that has potential to attract people with disposable income.
Architectural themes are another indicator of a hot market. Many up-and-coming neighborhoods are characterized by a particular type of architecture. For instance, Spanish style homes, Victorians and even Mid-Century Moderns.
Lastly, look to the numbers. A slow, but steady decrease in the days on the market is often an early sign that a neighborhood is on the cusp of a rebound.
Learn more on how to spot these signs early with the help of a RE/MAX Southern agent. In the meantime, check out our list of hot Emerald Coast real estate markets.