Realtors share thoughts on where Florida housing market stands
Realtors recommend you buy now, as Zillow predicts the Florida Housing Market is slowing down. Sharyn Olander’s waterfront home in Old Bridge Village in North Fort Myers is on the market. She tried to sell it last year right after the Hurricane but eventually gave up. This time around, she thought she would have better luck. However, she’s had no bites since December.”Since then, we’ve dropped it like 3 or 4 times and now we’re looking at 303. And there’s not much lower we can go in order to buy a new house,” said Olander. The big boom of 2020 is over. In fact, Zillow predicts the Florida Housing Market will slow down in the coming years.Sam Yaffey is a long-time realtor based in Cape Coral. She says the market is kind of a mixed bag right now, and there’s a couple reasons for that. One of them is that we have so many homes for sale in Southwest Florida.”We’ve got a little bit of a hangover with the Hurricane. With people having to repair their homes before they could sell them and a whole bunch of things like that. So, we have a sudden increase in inventory once everybody suddenly got their houses fixed.” said Yaffey.Although interest rates are high, Yaffey says now is the time to buy. More options mean more room to negotiate. “But if they wait when the interest rates drop, all the buyers that have had uncertainty are going to swarm in, and then the sellers will probably be in a multiple offer situation,” said Yaffey.DOWNLOAD the NBC2 News app to stay up-to-date on local real estate news and terends!As for sellers, Yaffey recommends you hire a good real estate agent, educate yourself on the market, and be patient.”I’ve had houses sell in a week. I’ve had houses linger for a while. It’s just a mixed bag. It’s about timing to get everything done appropriately, have good photography, and a whole bung of other things involved in great marketing.” Olander just hopes things turn around for her soon.”When you put it on the market, you get really excited. You’re looking forward to getting out of a new place and into a new chapter. When no one comes, then you get really depressed and down.” said Olander.
Realtors recommend you buy now, as Zillow predicts the Florida Housing Market is slowing down.
Sharyn Olander’s waterfront home in Old Bridge Village in North Fort Myers is on the market. She tried to sell it last year right after the Hurricane but eventually gave up. This time around, she thought she would have better luck. However, she’s had no bites since December.
“Since then, we’ve dropped it like 3 or 4 times and now we’re looking at 303. And there’s not much lower we can go in order to buy a new house,” said Olander.
The big boom of 2020 is over. In fact, Zillow predicts the Florida Housing Market will slow down in the coming years.
Sam Yaffey is a long-time realtor based in Cape Coral. She says the market is kind of a mixed bag right now, and there’s a couple reasons for that. One of them is that we have so many homes for sale in Southwest Florida.
“We’ve got a little bit of a hangover with the Hurricane. With people having to repair their homes before they could sell them and a whole bunch of things like that. So, we have a sudden increase in inventory once everybody suddenly got their houses fixed.” said Yaffey.
Although interest rates are high, Yaffey says now is the time to buy. More options mean more room to negotiate. “But if they wait when the interest rates drop, all the buyers that have had uncertainty are going to swarm in, and then the sellers will probably be in a multiple offer situation,” said Yaffey.
DOWNLOAD the NBC2 News app to stay up-to-date on local real estate news and terends!
As for sellers, Yaffey recommends you hire a good real estate agent, educate yourself on the market, and be patient.
“I’ve had houses sell in a week. I’ve had houses linger for a while. It’s just a mixed bag. It’s about timing to get everything done appropriately, have good photography, and a whole bung of other things involved in great marketing.”
Olander just hopes things turn around for her soon.
“When you put it on the market, you get really excited. You’re looking forward to getting out of a new place and into a new chapter. When no one comes, then you get really depressed and down.” said Olander.
