How's The Real Estate Market?

The REALTORS in Northwest Florida have been rocking and rolling. At the beginning of the year 2009, the Fort Walton beach and surrounding areas had over 3 years worth of combined real estate inventory on the market for sale. That inventory includes single family homes, townhomes as well as condos.

While the news channels will only acknowledge improvements marginally, the buyers and sellers in our area need to know, that your REALTORS are working hard to infuse our economy. The facts speak for themselves. Year to date we have sold over 2600 properties, with a sales volume of 607,662,984. Besides the numbers, what that means to me is that we have helped over 5000 families relocate!



Is it still a buyers market?
Based on supply and demand the short answer is sort of. But in real estate, there is really never a short answer. Real estate is dynamic and ever changing. Agents in our area have sold over 300 properties per month for the last 6 months, but you may not realize that because, just as fast a we are able to get a home sold, another one becomes available. So to the average viewer it doesn't really look as though the market is moving. There are definitely deals to be made, this is a great time to buy real estate! But buyers looking for a steal, may have pretty much missed that boat.



So where are we now?
As we slide into the last quarter of this year, we are still making a difference, in the first 3 days of October, so far 17 homes have sold already. We currently have about a 15 month inventory of homes available for sale. Homes are selling for between 94-97% of the listing price. That means homeowners are retaining more of their equity of their investments. Now that's working on a pretty healthy market.




FREE Search Homes For Sale: Fort Walton Beach* Eglin AFB/ Hurlburt Field* Navarre* Crestview

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