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Space Coast Real Estate Blog
Stay in the loop about the latest Real Estate news and advice for the historic Florida Space Coast!
Welcome to our real estate blog, dedicated to exploring Florida's beautiful Space Coast and the ever-changing world of real estate.
Here, we will take a deep dive into the local market, providing valuable insights on everything from home buying and selling, to market trends, home décor and things to do on the Space Coast.
Whether you're a buyer, a seller or simply curious about real estate and what the Space Coast has to offer our blog is for you.
So, come along with us as we explore the exciting world of real estate on Florida's Space Coast.
Why Today’s Seller’s Market Is Good for Your Bottom Line
Why Today’s Seller’s Market Is Good for Your Bottom Line
March 19, 2024.
Thinking about selling your house and wondering if now’s a good time to do it? Here’s what you need to know. Even though the number of homes for sale has been growing this year, there still aren’t enough homes on the market for all the buyers who want to buy.
So, what does that mean for you? To keep it simple, it means it’s still a seller’s market. Here’s how it works:
A neutral market is when supply and demand is balanced. Basically, there are enough homes to meet buyer demand based on the current sales pace, and home prices hold fairly steady.
A buyer’s market is when there are more homes for sale than there are buyers. When that happens, buyers have more negotiation power because sellers are willing to make compromises to close the deal. In a buyer’s market, sellers may have to do price cuts to re-ignite interest in their home, and prices may go down. But we haven’t seen this for years since there are so few homes available to buy.
In a seller’s market, it’s just the opposite. When the supply of homes for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. That creates increased competition among purchasers which can lead to more bidding wars. And if buyers know they may be entering a bidding war, they’re going to do their best to submit a very attractive offer upfront. This could drive the final sale price of your house up.
The graph below uses data from the National Association of Realtors to show just how deep into seller’s market territory we still are today:
What Does This Mean for You?
The market is still working in your favor. If you lean on an agent for advice on how to get your house list ready and how to price it competitively, it should get a lot of attention from eager buyers. That means you’ll likely get multiple offers and see your house sell quickly and for top dollar. As a recent article from Ramsey Solutions explains:
“A seller’s market is when demand for homes is higher than the supply of homes. And that’s still the case right now. If you’re planning to sell your house, you can expect to sell it fairly quickly for close to your asking price—as long as your asking price is realistic for the current market.”
Bottom Line
Today’s housing market still favors sellers. If you’re ready to sell your house, let’s connect so you can start making your moves.
Check out our older blog posts
Why Today’s Seller’s Market Is Good for Your Bottom Line
Why Today’s Seller’s Market Is Good for Your Bottom Line
March 19, 2024.
Thinking about selling your house and wondering if now’s a good time to do it? Here’s what you need to know. Even though the number of homes for sale has been growing this year, there still aren’t enough homes on the market for all the buyers who want to buy.
So, what does that mean for you? To keep it simple, it means it’s still a seller’s market. Here’s how it works:
A neutral market is when supply and demand is balanced. Basically, there are enough homes to meet buyer demand based on the current sales pace, and home prices hold fairly steady.
A buyer’s market is when there are more homes for sale than there are buyers. When that happens, buyers have more negotiation power because sellers are willing to make compromises to close the deal. In a buyer’s market, sellers may have to do price cuts to re-ignite interest in their home, and prices may go down. But we haven’t seen this for years since there are so few homes available to buy.
In a seller’s market, it’s just the opposite. When the supply of homes for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. That creates increased competition among purchasers which can lead to more bidding wars. And if buyers know they may be entering a bidding war, they’re going to do their best to submit a very attractive offer upfront. This could drive the final sale price of your house up.
The graph below uses data from the National Association of Realtors to show just how deep into seller’s market territory we still are today:
What Does This Mean for You?
The market is still working in your favor. If you lean on an agent for advice on how to get your house list ready and how to price it competitively, it should get a lot of attention from eager buyers. That means you’ll likely get multiple offers and see your house sell quickly and for top dollar. As a recent article from Ramsey Solutions explains:
“A seller’s market is when demand for homes is higher than the supply of homes. And that’s still the case right now. If you’re planning to sell your house, you can expect to sell it fairly quickly for close to your asking price—as long as your asking price is realistic for the current market.”
Bottom Line
Today’s housing market still favors sellers. If you’re ready to sell your house, let’s connect so you can start making your moves.
MEET LOURDES SLIWA
As a veteran realtor in the Space Coast of Florida, Lourdes Sliwa and her team have sold hundreds of homes since entering the field in 2008. As a Branch Leader and Owner of Avanti Way Space Coast, Lourdes has put together an unbeatable team whose primary focus and goal are happy clients.
The Lourdes Sliwa team, which includes a digital marketer and marketing specialist, puts maximum effort into each client’s home regardless of the listed selling price. Every property receives basic or full staging, a digital marketing platform, professional photography, videography, and drone photography, as well as property-specific websites, full-color brochures, virtual reality tours, and so much more!
Originally in corporate sales, Lourdes' love for helping people has followed her into her real estate business. She always remains ahead of the trend curve and has opened Avanti Way on the Space Coast to coach and help real estate agents succeed in their real estate business. Lourdes' ultimate goal is to help clients, fellow agents, and the community in any way she can.
Lourdes Sliwa | Branch Leader & Listing Specialist
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Telephone : +1 (321) 960-3547
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Email: ldsliwa@gmail.com
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