Affordability remains a key problem for the market but interest rates have been trending lower which is helpful.
The number of homes that closed during the month of February was up by 14.8% over January numbers but lagged 2018 numbers by 18.5%. We are still seeing the ultra luxury home market carry this market on its shoulders with sales of $1,000,000+ homes setting record highs in both January and March.
The local real estate market remans very interesting with demand for updated properties in some neighborhood selling for record prices while a multitude of resale homes in poor condition are having difficulties finding buyers.
Seasonal home buying will remain strong for at least 2 more months but right now that strength is not looking to be quite as strong as we would like to see. If the value of your home is of interest, and Paradise Sharks can be help in nay way, please give us a call at 561.308.0175. We can also be reached via e-mail at email@example.com Our boutique brokerage is small enough to care and large enough to perform at prices many brokerages can only dream about.