Where Did The Buyers Go In Central Florida?
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Where Did The Buyers Go?
As we enter the end of Q2, the big theme for 2025 seems to be more home sellers every week. Our housing inventory levels have returned to the 2017-2019 market levels. It's not a market crash, it's a normalized market. And what's contributing to this normalizing market?
Inbound moves to Florida have slowed 79% from pandemic highs when remote work drove migration.
Higher mortgage rates, skyrocketing home values, rising insurance costs, and increased taxes are all contributing factors to affordability challenges for buyers and many buyers have taken a back seat.
Increase in inventory means more options for buyers. It's important now more than ever that your home be completely ready for market if you are thinking of selling. Why? Buyers have many more options, can be pickier, and are taking their time to make one of their biggest financial decisions, buying a house. And at these costs, who can blame them?
Thinking Of Selling?
As a seller, this is not the market to overestimate the value of your home. With average days on market in Central Florida at 64 days, budget a couple of months, not mere days, to get your home under contract. Again, it's not a market crash, it's a return to normalcy. And in some ways, it's a welcome relief as it is a much more relaxed pace for everyone involved.
…this is not the market to overestimate the value of your home.
If you are thinking of selling your home in this more relaxed market, it’s crucial that now, more than ever before, you hire the right agent who understands your local market and has a PLAN to get your house sold. Your house will not sell itself. From pricing strategy, to staging, to Zillow Showcase, to open houses & brokers opens, to follow-up calls to every single buyer's agent & reverse prospecting, no stone is left unturned to get my client's homes sold.
For more tips on how I've gotten homes sold in this market, here's a refresh from my last blog post.
Zillow Predicts the Market
New Zillow data sheds light on how “views” and “saves” can help predict how long a listing will stay on the market — and whether it will sell above list price.
Listings with 250+ daily views typically go pending within 1 week.
Listings shared 10+ times per day also tend to go pending within a week.
Properties with 5 daily saves are likely to receive an offer in 1 week.
50+ daily saves? The home could go pending in 3 days or less.
Homes with less than 1 daily save may sit on the market for months.
The “sweet spot” for top-dollar offers: 10+ daily saves and 500+ daily views often lead to offers above list price.
20+ daily shares also correlate with homes selling above asking.
Since I am a Zillow Showcase Agent (you can read more about that here), I thought this tidbit of information was intriguing. I have found Zillow Showcase to be one of my secret weapons as a listing agent, as it has led to roughly 80- 90% more clicks and saves & shares on all of my listings! So if you are thinking of selling your house, trust me to showcase it in it's best light!
Are you ready to make your next move?
I’d love to answer any questions or help you make your next move to buy, sell, or invest across Central Florida.