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First-Time Buyers | Beach Road Realty Blog

Thursday, November 2, 2023   /   by Richard Eimers

WHY IT'S TIME TO ACT IN THE REAL ESTATE MARKET

By Richard Eimers

Are you one of those cautious buyers sitting on the fence, watching the real estate market and interest rates like a hawk? You're not alone. Many people share the same sentiments, believing that the right moment to jump into the real estate game is yet to come. But guess what? The tide is turning, and it's time to act.
Contrary to what many believe, the real estate market is currently overflowing with opportunities. In fact, we're experiencing an inventory surplus like we haven't seen in years. Let's break it down:
In 2022, there were 1,660 homes available on the market. Fast forward to 2023, and we've got a whopping 2,942 homes up for grabs. That's an 80% increase in available listings.
New listings have surged by 70% too. In 2022, 875 new homes were hitting the market. Now, in 2023, we've got 1,465 new listings. The variety and choices are unprecedented.
And it's not just about more properties; the selling prices are climbing. In 2022, the average selling pri ...

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Beach Road Realty
Richard Eimers
17 Roundwood Drive
Inlet Beach, FL
850-259-1798
Beach Road Realty

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