I wanted to talk a bit today about whether the Bradenton real estate market is changing. We hear so much about how it's still a seller's market, but if you're in the market now, you may have seen that start to change.
Statistics show that inventory is still low and homes are still selling quickly. However, I would suggest that the market is changing because we're seeing less pending inventory month to month and the sales are rapidly changing.
Statistics show that inventory is still low and homes are still selling quickly. However, I would suggest that the market is changing because we're seeing less pending inventory month to month and the sales are rapidly changing.
Specifically what you need to look at are the neighborhoods and price points where this is going into effect. When you talk to clients about the market, you should always convey your expertise, but you can't tell every homeowner how wonderful it's going to be, and that you're going to get their home sold in the next 30 days.
Homes in the average price point around $300,000 are selling quickly, but as you get to bigger homes and those priced above $500,000, you'll see that there are up to 12 months of inventory.
The market is not the same everywhere.
As the market continues to change, you need to pay attention to smaller niche markets and not just look at the market all over the industry. It's just not as wonderful everywhere as some may have you believe. Understand your market and your inventory.
If you have any more real estate questions, please give me a call or send me an email. I would be happy to help you!
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