September 2020 - Market Update

At the risk of continuing to beat an already-dead horse, 2020 has been a whirlwind- but what a lot of people don’t realize, is that the real estate market is faring well. Not only are buyers looking for new homes, there has been and continues to be a shortage of inventory.

Suffice to say, if you’ve been thinking about listing your home but you’ve been wondering if now is a good time to do it—we’re here to tell you that the answer to that question is a resounding yes.

We can also tell you that properties that have been overlooked by buyers in the past 12 months are now getting multiple offers – because—again– there is an enormous lack of inventory.

What is also notable, is that while the number of pending listings remains high- the number of actual new listings is significantly lower. All of this is good news for sellers who take the plunge.

Lastly, it’s also worth noting that snowbirds are house hunting in full force. Part of that relates to people wanting to avoid another year of shoveling snow and scraping ice off their car windshields. A second part of that relates to some peoples’ concern about a second wave of COVID-19 (and a possible second shutdown). It seems that a lot of people from colder-climate states are deciding that if they’re going to be told to shelter in place, they’d prefer to do it in sunny, Southwest Florida. If you’re looking to buy or sell a home, our team is here to help you achieve your residential real estate goals. Whether buying or selling, our tools are PROVEN to help you get the most from your transaction.