People are always asking me “How is the market?” Usually this questions comes after the news media runs a story on the latest monthly numbers. I like to rely on the the quarterly reports for solid data and trends, and the Florida Realtors just released the Q1 data for 2016.
As you might expect our market is hot. Many markets in Florida have shown signs of pullbacks, but not in Alachua County. Even cash sales are up over the same quarter over last year. We have had 14 straight quarters of inventory shrinkage. Q1 and Q2 in Alachua county are usually the time when our inventory is at it’s peak. Anything less then 6 months of inventory is considered a sellers market. Our inventory in the Q1 report is 4.8. Our price appreciation has not been the same as other areas of the state, but it certainly shows no signs of slowing.
If you are a buyer shop smart, but move quickly as multiple offer scenarios continue to grow. This is a time to capitalize on the continued historic lows in finance costs.
If you have a house, commercial property, or investment property you have been waiting
to sell, now is a pretty good time to reach out to your real estate trusted advisor and explore your options.