Saturday, August 17, 2024 / by Richard Eimers
3 MYTHS ABOUT TODAY'S HOUSING MARKET
Richard Eimers Broker Owner, August 14, 2024Based on the search results and current real estate trends in the Destin, Santa Rosa Beach, and 30A areas, here are three top myths about the real estate market in these locations:
Reality: While there have been some changes, the market remains relatively strong. The Q1 2024 report shows that in many areas, average sales prices have remained stable or even increased slightly. For example, in Alys Beach, single-family home sales soared by 133%, with total sales volume increasing by 111% compared to Q1 2023.
Myth: There's no inventory available.
Reality: Inventory is actually increasing in many areas. The April 2024 market update for Destin and 30A shows a spike in listing activity with a significant increase in homes and condos for sale. This trend is providing more options for buyers.
Myth: It's not a good time to buy or sell.
Reality: The market is active, with opportunities for both buyers and sellers. While the number of transactions may have decreased in some areas compared to previous years, prices have generally remained stable or increased slightly.
The market is adjusting, but it's still seeing significant activity and interest from buyers and sellers alike.
These insights suggest that the Destin, Santa Rosa Beach, and 30A real estate markets are more nuanced than some myths might suggest, with varying trends across different property types and specific locations within the region.
