Whether you are looking to buy, or sell, real estate, you need a knowledgeable Realtor who knows the local market, but who also keeps a pulse on the market. What’s selling? What’s not selling? When you decide to work with a Realtor, I sincerely hope that you will select me to assist you with your real estate needs. I build my business, one customer at a time.
Stats:
61 Sales
29% Cash
Total Sales Volume: $36.1 million
Median Sales Price: $420,000
Average Sale Price as percentage of List Price: 78%
Why is inventory slowly decreasing? — there are more listings selling or expiring, than there are new listings coming on the market. (see attached pdf file for more information) One number to notice is that while the median sold price is $420,000, the withdrawn, expired, and new listing median prices are well above that $420,000 level which is selling. If you are selling, it would make sense to know what is selling, and get close with your asking price, otherwise, your listing is likely to expire, unsold.
Looking at the 3-month moving average of median sold prices (black line in the graph above), we see a slight upturn over the last two months, but it doesn’t justify the higher prices of those new listings.
The sales data in my report is primarily compiled from Emerald Coast Association of Realtors and thought to be reliable, but not guaranteed.
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