Why is this important? As a dedicated real estate professional that is passionate about providing the highest level of service and committed to customer service beyond expectation, having these numbers at my fingertips means I can provide facts and data to give my customers peace in a world full of news that is anything but calm.
I believe that data can give us peace of mind to know how to proceed instead of being stuck by headlines and scary stories we see on the news. I do my best to explain to folks that are new to Southwest Florida that our market is a little bit of an anomaly to the rest of the US real estate landscape.
Given the things we love about our community, it is highly desirable and full of properties with annual and seasonal owners that have considerable equity in their homes. Therefore, a climate of interest rate fluctuation and economic turmoil is less of a concern and more of a headline to be aware of, but not to dwell on. Let me explain, when the news states that the real estate market will be deeply impacted by rising interest rates, in most part they are speaking of anywhere but our community except for properties on the lower end where first time buyers or workforce housing is a part of the discussion.
With that said, we focus on the property, the lifestyle, and the opportunities instead of dwelling on temporary fluctuations in interest rates. By the way, all indicators expect rates to be lower by year end if you are looking to obtain a mortgage.
Back to the “steady“ news, see this snapshot of my data. You can see that although our days on market is down, or our list to sales price ratio is down, these are so slight, almost negligible changes.
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