Realtor.com recently released its National Housing Trend Report for March 2014. Data suggests year over year growth in inventory and days on the market. These indicators are welcome signs for spring homebuyers. These trends indicate that the real estate market is more balanced now than the 2013 housing market.
Last year the shortage of inventory led to bidding wars on property. The additional burden created another barrier to new home ownership and elevating offer prices.
Housing prices are anticipated to rise this coming year but at a slower, steadier stride compared to past trends. According to the Home Buying Institute, one of eight housing predictors, “Florida’s real estate market will move into the media spotlight…housing demand is rising across the state, partly due to job gains and other economic improvements. It will be the market to watch in 2014.”
To discuss the current housing market, please direct any inquiries to the real estate professionals at Waterfront Properties and Club Communities at 561-746-7272 or send an email to INFO@wfpcc.com.